SECURED BUSINESS LOAN
A Secured Business Loan is also known as Asset-Backed Lending. A secured loan for business allows you to access funds by pledging an asset as security.
A secured business loan is one of the most common financing instruments for SMEs. The assets pledged as collateral lowers the risk for the lender provides for a competitive interest rate. In case of inability of repaying the loan, the lender takes custody of assets such as land, property, or equipment provided as security against the loan.
BENEFITS
A Secured Business Loan is one of the most economical ways to secure funds for working capital, buying assets for a business, or scale up operations. With the flexibility of repayment in up to 10 years and a lower interest rate Secured Business Loan acts as a growth enabler for SMEs
Preferable for a huge loan
Longer repayment term
Lower interest rate
No credit history required
Medium and long-term Financing
