Unsecured loans allow you to borrow without giving security on any business assets, such as property or equipment. They’re a quick and easy way to get an affordable cash injection for your business.

Secured loans allow you to borrow more for your business as you can use business assets as collateral. If your business can’t pay back the loan in full, the proceeds from the sale of assets can be used to pay off the outstanding amount. It’s a great option for business finance if you want to borrow a large amount.

There are different assets you can use depending on the value and purpose of your loan: