Secured business loans are secured against a property – this can be your residential property, an investment property, or even against a property belonging to someone you know should they wish to provide their asset as security for your loan.

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Secured business loans can be structured over a much longer term (up to 25 years) and are offered at a much cheaper interest rate than unsecured business loans typically. These loans are helpful should you wish to borrow more funds over a longer period of time to help cashflow, however lenders can repossess the property used as security if you are to default on the loan.

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Enquire about a secured business loan at Greenwood Capital.