A secured business loan is a type of financing that requires a business to provide tangible assets, typically property, as collateral to secure the loan. In return, the lender advances a set amount at the start of the loan, which the business repays in fixed monthly installments over an agreed period.

If you’re willing to provide security, then you’ll typically get the loan at a reduced cost because the lender isn’t taking quite as much risk.

It’s important to carefully consider your financial situation, explore other funding options and, choose the type of finance that aligns best with your business goals and repayment capacity.