There are typically two forms of business loan, secured loans and unsecured loans.
Secured loans are, as the name suggests, secured against a specific business asset or against the business and assets as a whole via a
debenture against the company.
Unsecured loans are not secured against any business assets, however it is common for an unsecured lender to require a personal guarantee
from company directors to support the loan facility.
The experts here at ICS’ Funding Solutions team can give you advice on which business loan may be better for you.