Secured Business Loan
What are Secured Business Loans?
As the name suggests, Secured Business Loans are loans backed by a security in any form. Secured Business Loans are mostly popular among new businesses which are yet to start operations or a start-up business with minimal or no cash flows.
Business loans backed by security can help small businesses in getting ideal loan amounts with favourable terms because they are seen as lower risk by lenders.
What makes me eligible for a Secured business loan?
Generally, to be eligible for a secured business loan, you need to
However, there are few secured business loan products where you don’t require to be trading for a minimum period or be generating any revenue. In case you are a start-up business or planning to start/buy a business without any trading history or revenue stream, please contact us to discuss your scenario and best suited business loan product for you.