Secured and Unsecured Loans Simplified

1
Secured vs. Unsecured Loans Whats Right for You?

• Secured vs. Unsecured

2
Overview

• Explore the fundamentals of secured and unsecured
  loans, their examples, and the role of
  collateral. Compare their pros and cons to
  determine the best loan type for your small
  business needs.
•  
• Learn More About Secured and Unsecured Loans!

3
Secured and unsecured loans The top line

• There are two basic types of loans that every
  business owner should know about before getting
  financing secured and unsecured loans.
• Whether youre looking to get a loan from a
  traditional bank, online lender, or one backed by
  the U.S. Small Business Administration (SBA),
  its essential to know what youre getting into
  when signing up for a secured or unsecured loan.
  The primary difference is who is taking the more
  significant risk on the loan, the borrower or the
  lender. An unsecured loan places greater risk on
  the lender a secured one on the borrower. In
  some cases, the business owner could lose
  critical equipment or property or put their
  personal finances at risk with an unsecured loan.

4
Secured loans The basics

• Secured loans are backed by some type of
  collateral. Collateral is something pledged to
  pay back the loan if monthly payments are unable
  to be made. If you cant repay your loan, your
  lender may take the collateral. This makes the
  loans riskier to business owners than no
  collateral loans because you put up valuable
  property you could lose.
• Collateral for a secured loan can be something
  youre purchasing, such as business property or
  equipment. Its similar to when you take out a
  mortgage to buy a house. The bank keeps the deed
  to your home until you pay it back, including
  interest and fees. If you are unable to make your
  mortgage payments, the bank can put a lien on
  your house and could sell it out from you.
• Read more https//www.biz2credit.com/term-loan/sm
  all-business-loans-secured-unsecured

5
Eligibility Criteria
6
Why Choose Biz2Credit?

• Trusted partner for franchise funding
• Biz2Credit was founded in 2007 and has provided
  more than 10 billion in loans.
• Dedicated support team
• Tailored financing solutions

7

• Thank You