Company assets... you mean some computers, desks, a couple company cars lol! Intellectual property is not part of the equation.. Do you understand what collateral is..?
Pure nonsense. It’s claimed the LL is saline. So that means there would be no way to get interest let alone repayment of debt. I am pretty good at math and 10 %of nothing is nothing ...so there IS something here or there would be no loan.