Secured Loan Types

Secured Loans Types-Business Funding Team-Get the best business funding available for your business, start up or investment. 0% APR credit lines and credit line available. Unsecured lines of credit up to 200K. Quick approval and funding.

From unsecured and secured loan, a secured loan has different types as well. It’s actually obvious but for you to fully understand the various types of secured loans, we need to expound it a bit more. The idea is that there are too many of these types so we’ll just focus on the general side of each of them.

Types of Secured Loans

Mortgage Loans

A mortgage loan, based on its term is a loan where the asset that is considered as a security would be the property that the borrower is looking to get. They can live in it; they can use it for business but it’s under the loan.

Car Loans

Akin to how mortgage loans work, a car loan is where the car that is to be purchased is the collateral. It’s actually one of the more famous types of secured loans – it’s most people take but they’re not even aware that it’s a secured loan.

Here at Business Funding Team, we love educating you on the funding process, whether you are a startup or an established business. So below are two of our preferred funding partners that we highly recommend. Business Funding Team has provided the top funding solutions for thousands of entrepreneurs nationwide. You can read about them by clicking either of the two buttons below

1-Startup Funding-Business Funding Team-Get the best business funding available for your business, start up or investment. 0% APR credit lines and credit line available. Unsecured lines of credit up to 200K. Quick approval and funding.

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2-Business Funding-Business Funding Team-Get the best business funding available for your business, start up or investment. 0% APR credit lines and credit line available. Unsecured lines of credit up to 200K. Quick approval and funding.

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Home Loans

Home loans and a mortgage loan is different. Mortgage loans talk about properties – not just houses. It could be land, it could be a lot, or it could be a commercial building. Home loans clearly state a home that a person is looking to purchase – that would be the collateral.

Nonrecourse Loans

Last but definitely not the least, nonrecourse loans are the types of loans where it is secured by a collateral and when the borrower defaults, the lender can seize and acquire the collateral without seeking out the borrower even if the collateral doesn’t cover the cost of the loan.

If you are interested in any of these types of secured loans, then you can count on us here at Business Funding Team. We are a company that is able to provide a wide variety of loans to our clients. Whether they’re planning to purchase a house, a car, a boat, or even a business, and they’re willing to put that as the collateral – we can help them.

Why Work With Us?

One of the main advantages of our secured loans is that the borrower can be setup to pay for no interest charges on the first year of paying for the loan. Where else would you be able to find a deal like that?

With us here in Business Funding Team, if you need funds – we’ll get it for you. Just provide the documents and the requirements we need and we’ll get to work!

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Option #1 - Startup Funding

Option #2 - Business Funding

Secured Loan Types

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Here is an overview of the loan products that we provide to our customers in the region.