http://www.personalfinancialtimes.com/articles/financial-knowledge/unsecured-business-loan%e2%80%99s-advantages-and-disadvantages Helping People To Control Their Financial Situation Fri, 27 Jan 2012 18:02:20 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.personalfinancialtimes.com/articles/financial-knowledge/unsecured-business-loan%e2%80%99s-advantages-and-disadvantages/comment-page-1#comment-205 Ray finnert Sat, 24 Jan 2009 19:38:26 +0000 http://www.personalfinancialtimes.com/?p=107#comment-205 Well, from the outset, it seems to me that as an Individual, a secured loan may hold more appeal for me especially if it means that the interest rates would be down. But yes, I can see that as an entrepreneur, an unsecured business loan may make more sense, especially as I would not have to put up any collateral for the loan. But the choices are not easy, are they? One one hand, no collateral but on the other, higher interest rates, I guess for me it is the interest rate that matters. I would have to make the payment every month and given that, I think that a secured loan is the best choice, given that I am starting out something new and would like to cut down on costs, at least until I can make a profit! Well, from the outset, it seems to me that as an Individual, a secured loan may hold more appeal for me especially if it means that the interest rates would be down.
But yes, I can see that as an entrepreneur, an unsecured business loan may make more sense, especially as I would not have to put up any collateral for the loan. But the choices are not easy, are they? One one hand, no collateral but on the other, higher interest rates, I guess for me it is the interest rate that matters. I would have to make the payment every month and given that, I think that a secured loan is the best choice, given that I am starting out something new and would like to cut down on costs, at least until I can make a profit!

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