Collateral Business Loans
COLLATERAL BUSINESS LOANS MAY OFFER LOWER RATES THAN OTHER FORMS OF ALTERNATIVE FUNDING, AND SMALL BUSINESS OWNERS MAY ALSO QUALIFY FOR MORE FUNDING THAN THEY WOULD WITH UNSECURED LOANS OR LINES OF CREDIT.
What is a
Collateral Business Loan?
A collateral business loan is a secured loan that uses commercial real estate as collateral to reduce the risk to the lender, which in turn helps reduce the cost of the loan. Because the funding is secured, small business owners also typically qualify for more funding than they would with revenue-based financing that isn’t secured by “hard” collateral.
Opalescent Solutions offers collateral business loans from $50,000 up to $250,000, with no restrictions on how you can use your funds. The terms of your collateral business loan will depend primarily on the value and type of collateral offered, your business’s cash flow, and the business owner’s background, personal credit, and repayment history. At Opalescent Solutions, we never want to put anyone’s primary place of residence at risk, so we only accept developed property that is not the business or property owner’s primary residence as collateral.
Who should apply for a
collateral business loan?
Collateral business loans are ideal for:
Businesses who need low cost capital for a short period of time
Businesses seeking a larger or longer-term funding option than a merchant cash advance or other small business loan
Businesses making a large purchase, such as new equipment or more inventory
Businesses planning an expansion, merger, or acquisition
Collateral business loans can benefit medical practices, construction companies, manufacturers, automotive businesses, business services, and more. No matter what industry you operate in, our expert Funding Advisors will work closely with you to select the best funding option to help you achieve your business’s goals without sacrificing cash flow.
How to Get a
Collateral Business Loan
Collateral Business Loans Q&A
What assets can be used as collateral to secure a loan?
We accept developed property that is not the business or property owner’s primary residence as collateral. We will not accept your primary residence as collateral.
Do you offer collateral loans in Canada?
Yes, we fund throughout Canada. Learn more about alternative small business funding in Canada.
How long does it take to get funding for a collateral loan?
Funding from a collateral loan can be made available in as little as 5-10 business days. Speak with a Funding Advisor for more information.
How much collateral is needed for a business loan?
The amount of collateral you need for a business loan depends on the size of the loan you are seeking.