Commercial financing comes in many forms but the most common form is the business loan. Business loans may be either secured or unsecured. With a secured loan, the borrower pledges an asset (such as plant, equipment, stock or vehicles) against the debt. If the debt is not repaid, the lender may claim the secured asset.

Unsecured loans do not have collateral, though the lender will have a general claim on the borrower’s assets if repayment is not made. Should the borrower become bankrupt, unsecured creditors will usually realize a smaller proportion of their claims than secured creditors. As a consequence, secured loans will generally attract a lower rate of interest.


12 Months of Bank Statements Articles of Incorporation

In Business for 1 year+

1 -2 Years of Tax Returns

5-7 Year Loan Terms

Credit Score 600+