What are the types of Business Loan?

Asked Feb 07, 2017
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Mr Osman Ibrahim
Answered Mar 02, 2018
A business loan is important for any startup. There are two types of business loan i.e secured loan and unsecured loan. A secured loan is those loans that are protected by an asset or collateral of some sort. The item purchased, such as a home or a car, can be used as collateral, and a lien is placed on such item while unsecured loans are the opposite of secured loans and include things like credit card purchases, education loans, or personal loans.
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Answered Jul 26, 2018
Edited Oct 15, 2018

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