Explanation
Secured loans backed by collateral typically carry lower interest rates and easier approval criteria than unsecured loans.
Common business collateral includes real estate, equipment, inventory, accounts receivable, and in some cases personal assets.
Examples
- •Equipment securing equipment financing
- •Real estate securing a mortgage or 504 loan
- •Inventory and AR securing a bank line of credit
Find out where you actually stand
Funding readiness scoring, before you apply anywhere.
We review bankability, banking history, business credit file and documentation against what underwriters look for, so an application goes out when it can survive review.