Secured Business Loan is a loan that requires a collateral. Collateral is assets that the lender uses to secure the repayment of the loan. If a company defaults on its loan, the lender has the right to forfeit the collateral to compensate for its loss. Examples of collateral include residential/commercial/industrial property or equipment etc. How to Secure a Business Loan ? To secure a business loan, it is offered to a business or personal asset that can be easily converted into cash. Following are some examples of assets that can…
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