Normally, there are about five basic forms of collaterals like consumer goods, equipment, farm products, inventories as well as property on paper. The consumer goods are certain category of product that is being bought mainly by the mainstream customer like for example automobile, next equipment’s mainly includes different forms of items that are being principally utilized in different modes of trade and commercial activities as well as during administrative functioning (Mann & Roberts, 2019). Third, it is the Farm Products that includes livestock as well as crops.