When you’re in need of a business loan and own assets that you can put up as loan collateral, you can get a secured business loan. In exchange for collateral, lenders will offer you a loan with a:
- Larger loan amount
- Attractive interest rate
- Loan tenure ranging from 12 months to 20 years
The exact terms of the secured business loan depend on the type of collater you have, the size of the loan you need, and the financial health of your business.
When you apply for a business loan with CreditEnable, we use our proprietary credit algorithms to assess your business and match you with a lender partner who best fits your debt needs based on the information you provide us.
Visit our blog for more details and other loan requirements.
Business Loans. Enabled Simply.