What is a secured business loan?

Government loans programs help small businesses like yours to receive funding through financial institutions, including banks and trust companies, which may be difficult to obtain otherwise. Without sufficient financial and other assets such as property, the banks may be reluctant to loan out money that has no guarantee of repayment collection if the business does not do well. Banks may only be willing to loan out money under the terms of a secured business loan, one that has such assets for backup if repayment becomes difficult or impossible. The financial world is complex, however, there are solutions to your financial needs, even without sufficient assets.

How much funding does your small business need? Are you looking to fund your startup or existing business? Get started now with your funding search with our Funding Database. With over 1,500 funding programs and $612,676,848 in available funding, you should not wait. Register as a member today!

You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.