Secured Business Loans

Secured Business Loans

A secured business loan is a business finance solution that’s secured by business assets. A business can offer up anything from residential or commercial property, to vehicles or machinery, as collateral for the loan. If you are unable to repay the loan down the line, the lender is entitled to sell the asset to get their money back. 

The amount you borrow with a secured business loan depends on the value of the asset you’re offering as security. As there is a security measure in place, this type of lending is considered less risky for the lender, so you will generally have better terms, such as a lower interest rate and a longer repayment period. Funds acquired through a secured business loan can be used to finance any part of your business.