Explore our guide to various types of Secured Business Loans. Whether you’re considering collateral-based options or seeking insights into secured financing solutions, we’ve got you covered.
Liberty Capital Group, Inc. | Business Loan Broker
SECURED BUSINESS LOAN TYPES
Below are your informational guide to all different types of Secured Business Loans.
|
Factoring
|
Small SBA Loans |
Financing and Leasing
|
Large SBA
|
Commercial Loans
|
|
Credit Score
550+
|
Credit Score
Any
|
Credit Score
500+
|
Credit Score
Any
|
Credit Score
650+
|
|
Time in Business Any
|
Time in Business
12 months+
|
Time in Business
Any
|
Time in Business
12 months+
|
Time in Business
Any
|
|
Monthly Revenue
$10,000+
|
Monthly Revenue
$20,000+
|
Monthly Revenue
Any
|
Monthly Revenue
$20,000+
|
Monthly Revenue
Any
|
|
Loan Amount
$2k+
|
Loan Amount
$1k – $3MM
|
Loan Amount
$20k – $5M
|
Loan Amount
$200k+
|
Loan Amount
$150k+
|
|
10% – 25%
|
7% – 15%
|
8% – 36%
|
<10%
|
7% – 18%
|
| Benefits: Perfect credit not required. |
Benefits: Low APR, Fixed or variable rate. Start Up Financing. Commercial property financing. low down payment.
|
Benefits: Lowest interest rate to buy equipment than MCA ,Tax deductible and depreciation benefits, Own the equipment outright. Monthly payment. |
Benefits: Lowest interest rates of all types, Longer terms, Can borrower larger amountSeeking.
|
Benefits: Investment 4+ Unit Commercial Real Estate is still booming. Earn equity on property, Built in collateral
|
| Drawbacks: Customer may rather deal directly with business, Depending on the situation can be a higher cost. |
Drawbacks: Longer application process, Require a personal guarantee or collateral and down payment.
|
Drawbacks: Equipment can become outdated. Higher down payment for bad credit. No early payoff discount. |
Drawbacks: Application is time consuming, Long time to approval and funding, Down payment required.
|
Drawbacks: LTV is never 100%. Must include plans to build a structure. Longer application process. |
| Apply Now | Apply Now | Apply Now | Apply Now | Apply Now |
|
Invoice
|
Full financial package + year-to-date financials
|
1-2 years tax returns (only if request is over $75
|
3 years tax returns
|
Borrower Financial Statement (PFS)
|
|
AR Aging Report
|
and FICO score
|
000)
|
personal financial statement
|
Personal Tax Return(s)
|
|
P&L
|
higher requirements. Net worth is a must.
|
3 months business bank statements
|
year-to-date financials
|
Business Federal Tax Return(s)
|
|
One (1) year tax return (most recent)’Six (6) months Bank Statements
|
|
Invoice or Quote for equipment to be financed
|
and FICO score.
|
Business Financial Statement(s)
|
|
|
|
|
|
Interim Balance Sheet (Partial Year)
|
|
|
|
|
|
Notes Payable Schedule
|
|
|
|
|
|
Projections
|
|
|
|
|
|
Rent Roll (Investment or Multi-Family Commercial Real Estate)
|
|
|
|
|
|
Appraisal(s)
|
|
|
|
|
|
Environmental Site Assessment(s)
|
|
|
|
|
|
Site Visit / Pictures
|
|
|
|
|
|
Survey(s)
|
|
|
|
|
|
Title Policies
|
Get a Quote. Get Approved. Get Funded.
See Multiple Payments Instantly
Have one of our Lending Agents call you...
Kindly complete the form, and our team will promptly reach out to address any inquiries or conncerns you may have. For immediate assistance, feel free to call us toll-free at 888-511-6223. Thank you for considering us!