Unsecured And Secured Loans: What If A Company Can’t Repay?
Hudson Weir
SEPTEMBER 11, 2023
Secured loans or unsecured loans are crucial for many businesses, providing the investment they need to achieve their objectives and grow. According to the British Business Bank , there was a 12.8% increase in gross bank lending to SMEs between 2021 and 2022. But what’s the difference between secured loans and unsecured ones?
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