Unsecured vs Secured Business Loans
Unsecured Business Loans
These can help companies obtain lump-sum working capital without offering a business asset as collateral. The application process for unsecured loans is faster than other types, making them an excellent choice for businesses that need quick capital but want to retain their assets.
Secured Business Loans
These offer some of the most competitive interest rates because the assets you use as collateral will secure your loan, meaning you're more likely to receive a lower interest rate.