SMEs require regular capital investment to grow the business. For this, there are two types of loans available: secured and unsecured business loan. SMEs must understand the implications of both types of loans before finalizing on suitable loan type
Here are some quick differences between secured and unsecured business loans:
SMEs should think smartly about their choice of loans. Mostly, SMEs pick their choice of loans based on their stage of growth. Early-stage SMEs or smarter SMEs run a combination of secured and unsecured business loans to efficiently manage working capital. Therefore, you must assess both options and make an intelligent choice to save interest as you grow your company. We, at Oxyzo, help SMEs save upto 6% on their bulk material requirements via smart-financing. SMEs avail unsecured credit lines from Oxyzo to finance their bulk purchases and save money to grow their business faster.
Reach out to us at 1800-102-9586 or mail to getsupport@oxyzo.in