A secured business loan allows businesses to access funds by providing an asset as security for the loan. This is also known as asset-backed lending. This security is used to lower the risk for lenders, consequently interest rates and repayment terms tend to be very competitive in the market. However, in the event your business is unable to repay the loan, the asset could be used to recover the funds. By using a commercial asset, such as a property, land or machinery, as security against your loan, you could access a high value secured business loan.