After graduating, a student set up a business as a systems analyst. His monthly billings are healthy, about $10 000 a month. He rents his office, hardware, and furniture and owns few assets. He rents

After graduating, a student set up a business as a systems analyst. His monthly billings are healthy, about $10 000 a month. He rents his office, hardware, and furniture and owns few assets. He rents his apartment, has no car, and spends most of his income on concerts. If he approaches you, a bank manager, to borrow $50,000 for the purpose of increasing his working capital.

Identify, explain and apply the most appropriate security required to secure the above transaction.