Are you trying to decide whether a secured business loan or a loan against property (LAP) is right for your business financing needs? If you own residential or commercial property that you can mortgage to get the business loan, then a loan against property is your answer!
LAP is a type of secured business loan. To determine what loan amount lenders will offer you, they assess your collateral and may offer you up to 70% of its current market value. Such a business loan is a long-term financing option if you want to expand your business.
If you’re ready to apply for a LAP, CreditEnable can help! Get started today!
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