Secured business loans are those lending products where the lender requires you to offer an asset as a security and where the value of the security is higher than the loan amount being sought. The most common assets for a business loan are residential and commercial properties and vacant land.
The notable benefit of a secured business loan is the lower interest rate it will attract. This is because secured business loans are less risky for lenders. Funds obtained through secured business loans can be used as a working capital, some lenders even allow for the funds to be used to pay ATO debts.
DotCapital has the expertise to arrange secured business loans for your business.