What is secured financing vs unsecured financing? The difference in these loan options is simple. Secured means that the borrower must put up some kind of collateral. Either a house or property, land or equipment must be used to guarantee the payback of the loan. Unsecured means that the borrower doesn’t need to put up any equity, land, or equipment to get the loan.
Here at Business Direct Loans we specialize in unsecured financing but we do have secured options as well for those whom are in need of larger loan sizes but the business doesn’t have much revenue to show through the business bank account. Regardless of your situation, Business Direct Loans can help to guide you in the right direction for you and your business.