What’s the Difference Between Secured & Unsecured Loans? An unsecured business loan is a loan made to a business without collateral. Secured small business loans are loans made with something used as collateral for the lender to recoup their losses if the business defaults. Here are a few differences: Collateral Secured — Collateral is a… Read more »
Posts Tagged: how hard is it to get a small business loan
What To Do When the Bank Says No
What To Do When the Bank Says No It can be hard to grow a business when banks want you to have established business credit or solid collateral and there just isn’t enough yet for you to get approved. Luckily, we live in an era where banks are merely one of many options to choose from…. Read more »