How it works
Business loans come in various forms, and 'secured loans' are one type. These loans require collateral—something of value you pledge to ensure you'll pay back the loan. Collateral lessens the lender's risk because if you don't repay, they can claim or sell it. If you can't or don't want to offer collateral, look into an unsecured business loan.

Collaterals
Collateral is an item of value you own and use to secure a loan, ensuring the lender can get their money back if you can't repay. It lowers the lender's risk, so they're less likely to lose their investment if you default.
Real estate, like your home or equity, is often used to secure a loan due to its high value. It's one of the most popular collaterals today. You can also use other assets as collateral, such as business equipment, cars, and boats.

Who suits secured loans

• Businesses seeking substantial funding

• Businesses with strong credit history

• Businesses with valuable assets

Key features:

• Loan amount up to $5m

• Short term and long term available

• Collateral required, such as real estate property, vehicles, machinery, or other equipment