Business Secured Line of Credit

Written by True Tamplin, BSc, CEPF®

Reviewed by Editorial Team

Updated on March 05, 2023

A secured business line of credit is a line of credit that is secured by some form of collateral, such as real estate.

Secured LOCs have the advantage of being safe for banks, so they often have higher credit limits and lower interest.

They can be a good option for new businesses with limited credit history.

Secured Business Line of Credit FAQs

About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, or check out his speaker profile on the CFA Institute website.

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