A passbook loan is a type of secured loan that allows you to borrow against the funds in your savings account. Passbook loans can be useful for those looking to build or rebuild credit. “With a ...
A secured loan is a loan that is backed by collateral — something tangible the lender can take if the loan is not paid. The most common example of a secured loan is a mortgage, which is secured by the ...
Pledging your business assets as collateral could result in easier approval and lower interest rates ...