Because when John bought the new crane, buried in the fine print of his loan agreement was a blanket lien.

If you don’t know what a blanket lien is, it’s exactly what it sounds like: it’s a lien that blankets an entire business.

Every company asset is affected by this blanket lien.

Blanket liens are popular with many lendersMany lenders, including almost all banks, embrace the blanket lien.

Nobody may even be aware this crane has a blanket lien attached to it. | To read full story, visit https://startuparound.com/read/1580016606.5468326/When-Financing-Equipment,-Beware-of-the-Dreaded-Blanket-Lien?ref=audio_experience