July 8th, 2024.
Need a loan but confused by all of the weird terminology - or flat-out jargon? Growth Business explains what types of business loans are out there.Every SME owner knows the difficulties in securing funding. Even finding traditional loans from high street lenders has become more challenging since the turn of the decade.
That’s before you’ve even delved into the jargon: secured vs unsecured, personal guarantee, open and closed loans, asset-backed lending.
To help you wade through, we’ll be looking at some of the business loan types that you can apply for. You can also head straight to the type of loan you’re most interested in....
For the full story at growthbusiness.co.uk CLICK HERE.