Secured Loans

If you want to borrow a large amount a secured loan is a great option for small businesses. They can help you borrow more for your business as you can use the assets in your business as collateral. If the loan can’t be paid back in full, the proceeds from the sale of assets can be used to pay off the outstanding amount.

There are different assets you can use depending on the value and purpose of your loan:

• Property and large assets may also be used as security
• May also require a personal guarantee