Secured Business Loans

Secured Business Loans

Secured Business Loans are loans in which the borrower pledges security as collateral. Collateral can be in the form of equipment, real estate, vehicles, or any tangible item that has value to a third party. Also known as asset based lending, these type loans are mostly used by small businesses to bridge itself between the timing of cash flows of payments it receives and expenses.

How Small Business Funding Can Help

We have extensive experience with secured business loans. Regardless of your credit, which banks will decline a deal for if low, we know how to facilitate and navigate on your behalf to find the best lending solution to meet your needs.

Speed is a main concern. We understand, as a small business owner, you do not have time to sit around and wait for a decision. In most cases, we provide 24 hour approvals for our applicants and funding in less than 10 days.

Factoring of receivables, is a subset of asset-based lending (which uses inventory or other assets as collateral). The lender mitigates its risk by controlling who the company does business with to make sure that the company’s customers can actually pay. Another subset of a collateralized loan is a Pledging of Receivables and an Assignment of Receivables as Collateral for the Debt.

Whatever the type of secured business loans, we will work diligently on your behalf to get the proper financing.

business owners signing for a secured business loan

Uses of Secured Business Loans

At times, you may find yourself in a jam and in need of fast capital.

Small Business Funding works with alternative lenders that provide the capital needed to prevent cash flow problems. They provide this financing fast, in under 10 days.

A cash crunch can cause an issue with making payroll, buying new equipment, training new personnel, or even expansion. Ultimately, secured business loans bridge a gap allowing you to keep things running smoothly.

Secured funding is relatively less expensive and has longer terms than other forms of alternative lending. While slightly more intrusive as far as documentation that is required, Small Business Funding still makes the process hassle free and fast.