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Get More Funding for your Small Business with a Collateral-Backed Loan

Assets you can use as collateral to secure business capital:

  • Equipment or Vehicles
  • Inventory
  • Accounts Receivable Client Invoices
  • Cash
  • Investments

Secured Loan Details

  • Loan terms up to 7 years.
  • Fixed rates for easy budgeting.
  • Loan amounts up to $250,000.
  • Capital to maintain healthy cash flow.
business woman looking at computer

Key Features & Benefits

Lower Interest Rates

More affordable borrowing due to collateral securing the loan.

Higher Borrowing Limits

Access to larger loan amounts for significant investments.

Easier Approval Process

More accessible for businesses with lower credit scores or limited credit history.

Flexible Use of Funds

Suitable for various business needs like purchasing equipment or expanding operations.

mechanic standing in his shop next to a motorcycle

Business Eligibility Requirements

  • Located or headquartered in Illinois, Missouri, Indiana, Wisconsin, or Iowa.
  • Registered with the Secretary of State and in good standing - not required for sole proprietors.
  • No minimum amount of time required to be in business.
  • Financed amount must be under $250,000.

Compare Loans

Secured LoansUnsecured Loans
Ideal ForBusinesses needing low-cost capital, larger or longer-term funding, large purchase, or planning to expand, merge, or acquire a business.Businesses with good credit or who meet lender requirements, have no eligible collateral or don't want to pledge property as collateral.
Common UsesLarge purchases, business expansion, mergers, and acquisitions.Short-term financing, working capital, and smaller purchases.
Secured Loans
Ideal ForBusinesses needing low-cost capital, larger or longer-term funding, large purchase, or planning to expand, merge, or acquire a business.
Common UsesLarge purchases, business expansion, mergers, and acquisitions.
Unsecured Loans
Ideal ForBusinesses with good credit or who meet lender requirements, have no eligible collateral or don't want to pledge property as collateral.
Common UsesShort-term financing, working capital, and smaller purchases.

Ready to Grow Your Business?

1. Gather Your Documents Proof of income, identification, and details of the collateral you will use to secure the loan.
2. Complete the Application Start your application process below, or call 1‑855‑696‑4352, option 5 to speak to a Loan Specialist.
3. Get Approved

Our team will review your application and provide a decision.

Frequently Asked Questions

What is a secured small business loan?

Secured loans, or collateral-based business loans, are financial agreements where your business obtains a lump sum of money. In exchange, you'll repay the money you borrowed over a predetermined period and with interest. Secured loans also require collateral in assets like equipment, inventory, cash, or investments. Failure to honor the repayment agreement may result in the forfeiture of your asset.

Why would I need a secured loan?

There are various reasons to pursue a secured small business loan, including:
  • Starting a new business
  • Expanding with more staff or a new building
  • Consolidating business debt
  • Upgrading your equipment
  • Restocking your inventory

What are the benefits of a secured loan?

What are the benefits of a secured loan?
  • Covering costs with fast cash
  • Enjoy competitive interest rates and low monthly payments
  • Repay expenses over a manageable term
  • A quick application process with speedy loan payouts
  • Longer repayment terms

Is there a collateral-free loan option?

What if I need for financing over $250,000?

Our commercial team can help you find financing solutions over $250,000. View our commercial lending options.

Prefer Personal Assistance?

Our team of dedicated professionals are here to support you.