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Secured business loans are a type of debt finance available to businesses. So, let’s look at two of the most common types of business lending, secured and unsecured loans.
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In this article we’ll take a closer look at the differences between unsecured and secured business loans, to help you decide which product may be better suited to your business. Our article “ grants, loans, and freebies” looked at the options for businesses just starting out, but if you’re over that initial hurdle you may be interested in a loan to help your business grow. As such, it’s important to be aware of the different finance options available to your business. Raising capital to expand and take on new projects is a concern for many growing businesses in the UK.