Cheese Collateral facts
While investigating facts about Cheese Collateral Bank and Italian Bank Cheese Collateral, I found out little known, but curios details like:
There is a bank in Italy that accepts Parmigiano cheese as collateral for small business loans.
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In Italy, wheels of parmesan cheese can be used as collateral for loans. Banks charge 3-5% interest (depending on the quality) and a fee for maturing in temperature- and humidity-controlled vaults; large vaults can hold as many as 430,000 wheels worth €190M
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Credito Emiliano, an Italian bank, accepts Parmesan cheese as collateral for loans and keeps row upon row of 85-pound wheels of cheese stacked 33 feet high in a climate-controlled warehouse.
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Parmesan cheese is often used as bank collateral in Italy
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There's a bank in Italy that accepts parmesan cheese as loan collateral.
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A bank in Italy accepts wheels of parmesan cheese as collateral for loans
