Financing a business with no collateral?

I have few patents and I want to start a small business based on one of these patents. Banks require collateral and/or equity which I do not have. Can the patents be used as equity since Patenting is expensive and cost me tens of thousands of dollars.

Yes - using patents as loan collateral is a growing trend among intellectual property holders.

Here are some articles on this topic

Deploying IP Assets as Loan Collateral: An Emerging Trend (subscription required) http://www.lawjournalnewsletters.com/pub...
Using Patents as Loan Collateral (subscription required) http://www.law.com/jsp/pcselect.jsp?pc=3...
Intangibles as loan collateral http://www.athenaalliance.org/weblog/arc...
Securitisation of Intellectual Property http://www.marshallip.com/pdfs/Securitis...

No, the patent may have potential value. It is not a commodity that can be priced, bought and sold.
Maybe you should look to venture capitalists for financing. Those people are experienced and interested in helping start up companies get started, if and when they recognize the potential. Bankers charge interest on loans. That is all they get out of any deal. Bankers get scammed all of the time and are wary of people with new ideas.
For a piece of the action, investors put up the cash, and look for profits well above and beyond the amounts the banks can make on loan interest.

NMO IT CAN NOT AND WE DO NOT LOOK AT PATENT POTENTIAL TILL AFTER A MARKET LAUNCH AND PROVEN SALES

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