Self liquidating loan program
In no event shall KCC be liable to you or any third party for any direct, indirect, incidental, consequential or special damages (including, but not limited to, damages arising from the disallowance of a potential claim against a client of KCC or damages to business reputation, lost business or lost profits), whether foreseeable or unforeseeable and however caused, even if KCC is advised of the possibility of such damages.
A type of short- or intermediate-term credit that is repaid with money generated by the assets it is used to purchase.
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Article I, Section 8, of the United States Constitution authorizes Congress to enact "uniform Laws on the subject of Bankruptcies." Under this grant of authority, Congress enacted the "Bankruptcy Code" in 1978.
The repayment schedule and maturity of a self-liquidating loan are designed to coincide with the timing of the assets' income generation.
These loans are intended to finance purchases that will quickly and reliably generate cash.