Is A Small Business Loan Secured Or Unsecured?
Lendio
JULY 19, 2024
A small business loan can be secured or unsecured. A secured loan is backed by collateral like property, equipment, or other business assets of value. An unsecured loan is based on creditworthiness alone and leaves a lender unprotected if the loan is not repaid. Learn more about secured vs unsecured business loans below to decide which option is right for you.
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