Take advantage of longer terms by choosing a collateral-secured loan for your business.
Secured loans, or collateral-based business loans, are financial agreements where your business obtains a lump sum of money. In exchange, you'll repay the money you borrowed over a predetermined period and with interest. Secured loans also require collateral in assets like equipment, inventory, cash or investments. Failure to honor the repayment agreement may result in the forfeiture of your asset.
Loan Terms
Fixed Rate
Loan Amount
Getting enough capital to build your business can seem like a difficult task these days. That’s why we make getting loans easy. Secured loans can be a good option for small business owners who need larger financing amounts, but their credit score or other factors may be an issue.
Assets You Can Use As Collateral To Secure Business Capital
Secured loans, also called collateralized loans, can be ideal for businesses who:
Unsecured loans that require no collateral can be ideal for businesses who:
Eligibility RequirementsOur commercial team is ready to find the financing solution for you.
Midland States Bank is a team of experienced financial professionals offering competitive small business loans and insightful guidance. Our rates, terms and consultation services make us the ideal partner for small businesses and startups. We’re detailed and transparent through every step of the financing process so you can experience a smooth and quick transaction.
A secured loan requires a business or personal asset as collateral in case of a default.
There are various reasons to pursue a secured small business loan, including:
These loans include benefits like:
Whether you’ve been running a business for years or just starting out, we’re here to help by phone or in-person. Or complete the form below and a Midland States Bank representative will be in touch to understand more about your story and connect you with financing options.
All lending products are subject to application and credit approval..
