Secured or collateralized business financing is when a business owner receives a business loan using some form of property or a personal guarantee to minimize the lenders risk. Most lending institutions require some form of security when issuing finance to a business. Property is often times the easiest to determine the value for. There are many states that have restrictions on business owners using their personal homes as collateral, in those states commercial property is the prefered asset in contrast to the other legal options like equipment.
Secured Business Financing:
Use an asset to secure more favorable financing terms. :
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