What can be used as collateral for a secured business loan?

Collateral for a secured business loan can include a wide range of assets with sufficient value to secure the loan. Some common types of collateral for secured business loans include:

1. Real estate: Business property or personal property such as a home, land or commercial property.

2. Equipment: Any type of equipment or machinery owned by the business, such as vehicles, computers, manufacturing equipment, etc.

3. Accounts receivable: Money owed to the business by customers or clients.

4. Inventory: Raw materials or finished goods that can be sold to generate revenue.

5. Securities: Stocks, bonds or other investments owned by the business.

6. Cash savings: A savings account, certificate of deposit (CD), or money market account can be used as collateral.

It's important to note that the type of collateral required for a secured business loan may vary depending on the lender and the specific terms of the loan.