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Secured Business Loans

Secure the growth
of your business

With the Secured Business Loans. Lets get Started
What is a Secured Business Loan?

Every business owner, at one point of his/her life, has to take help from a small business loan. Provide collateral for a small business loan and secure yourself a secured business loan. The lenders define the kind of collateral they expect from the borrowers. The borrowers set the payment terms, and they have the liberty to choose between monthly, weekly, or daily payments.

A lender might accept artifacts - antique jewelry, gold, diamond, massive house, cars, or any of your prized possessions; you must offer the collateral as per lender’s requirement. Merchant Advisors offers custom-tailored funding & financing options to its customers. When a borrower applies for a secured business loan, he/she agrees to make the payment on time, and failure to do so will result in lenders seizing borrower's equipment.

Secured business loans are the most compatible business loans in the market. Most of the small business loans are secure in nature. So, if you are running a successful business from home and need an external source of funds, you must apply for a Home Based Business Loan. Moreover, if your restaurant or construction company needs the addition of equipment, go with the equipment financing. Both of these loans are types of Secured Business Loan.

Lenders won’t hurt their repute to lend you a loan. Mostly, the application gets rejected because the lender sees something shady in the application. Lenders are operating on 50/50 chance of the borrower turns out to be a defaulter or conformist. As it is a risky business and the lender will never face the worst consequences. So, the next time you see the unsecured business loan; you must be able to detect the catch because collateral is always involved.

Get in contact with the potential lender to know the eligibility criteria. Anything that can turn into paper – cash, is called as collateral. Putting down collateral means less risk for the lender, so evaluate the risk before selecting the business loan.

What assets can a borrower offer to the lender as collateral?

The alternative lenders offer Secured loans (collateralized loans) on lower interest rates, and if a lender makes an official claim to the collateral, it is called a lien. The kind of collateral varies according to the nature of the business loan. Want to lend some cash to purchase a car? The said car would act as collateral. In the case of a loan for house, the house would act as collateral.

We have compiled a list of assets that can act as collateral, skim through it to get a better hold:

Secure a loan with a Personal Guarantee

Are you thinking about taking an adverse step because you don’t have any valuable belongings such as a car, house, or a yacht to offer to the lender?

In case of any discrepancy and failure to pay the debt, the borrower is personally responsible for the damage. Agreeing upon a personal guarantee means giving the lender the autonomy to see whatever and whichever asset he sees appropriate.

Access Secured Business Loans

Have access to secured business loans in three simple steps:

Apply
Apply

Tell us about your time in business, annual revenue, business plan, and fill out our online application in a couple of minutes. We use an eclectic approach; we will look at all the contributing factors other than a credit score.

Review
Review

If we like your application, you will hear from us in less than two business days. As we offer flexible payment terms, you have the liberty to select the amount of payment. Read the contract carefully before signing the dotted line.

Get Funded
Get Funded

Once the lender approves the loan, you sign the contract, and the amount is in your bank account. Use the funds to cover your financial needs and grow your business as per your dream.

Types of a secured business loan

The ultimate goal of an alternative lender is to provide financial assistance to its customers. As previously explored, you will have access to funds to lease equipment or a decent opportunity to streamline the cash flow for any home-based business loans.

We have mentioned prominent features of some secured business loan:

Pick the one that fulfills your needs.

Pros and Cons of Secured Business Loans

Nothing in this world comes for free; there is always a catch involved. A Secured Business Loan is worth having a glimpse at for its pros outweighs the cons.

Pros of Secured Business Loan
Pros of Secured
Business Loan

1. The loan is accessible at a very reasonable rate.
2. Since you are providing the collateral, the lender pays limited attention to other financially contributing factors.
3. Flexible repayment terms give the borrower more control.

Cons of Secured Business Loan
Cons of Secured
Business Loan

1. Failure to make the repayment on time may result in irreparable loss.
2. The interest rate will be varying continuously, depending on the current trend and the nature of your loan.

Why choose Merchant Advisors’ for Secured Business Loans?

Secured business loans from Merchant Advisors offer small businesses the flexibility to use the loan for many loan purposes, including property financing, fixed asset procurement, or for general purposes like working capital. Merchant Advisors strives to provide the best financial support by identifying your business’ unique history, present financial position, and future working capital needs. Merchant Advisors’ 95% approval rates, zero upfront fees, and more than 20 years of experience providing quality, specialized financial advice is on your side. Take advantage of business expansion initiatives and engage in rewarding marketing opportunities with our secured business loans.

Final Thoughts

From all the information that we have shared, it is evident that no such thing exists as ‘a free of collateral’ loan. So whenever you hear a lender talking about an unsecured business loan, distance yourself. The majority of small business loan lenders needs a guarantee.

The only way you can keep your business running and get funds from the external party is to be the best businessman or woman you can!

Lastly and more importantly, if you are making repayments on time, then you are out of the woods. A secured business loan will act as the best financial fix for your business. Use the funds wisely!