Unsecured And Secured Loans: What If A Company Can’t Repay?
Hudson Weir
SEPTEMBER 11, 2023
To reduce the lender’s risk exposure, a secured business loan provides them with collateral – a company asset. Company assets could include anything from equipment and constructions to vehicles and intellectual property. In contrast, an unsecured loan provided by a lender does not involve a company asset’s usage as collateral.
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