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In the business world, there are generally two types of loans: secured and unsecured business loans. Secured loans have collateral that guarantees them. For example, a house loan is secured because if you are declared as a defaulter by the lender, the house can be taken back in return of payment. Many lenders don’t require… Read more »
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 »
