Collateral Loans

Because of how the funding is structured, secured (collateral) business loans offer the best rates and lowest payments. With a secured loan, small business owners can often qualify for more funding than they would with unsecured loans or lines of credit.

What is a Collateral Loan?

A collateral business loan is a secured loan that uses real estate as collateral to reduce the risk, which in turn reduces the cost of the loan. Because it’s a secured loan, small business owners can typically qualify for more funding than they would with revenue-based financing that isn’t secured by “hard” collateral. 

Greenbox Capital® offers small business secured loans from $50,000-$250,000, with no restrictions on how you can use your funds. The terms of your collateral business loan will depend primarily on your business’s cash flow, the business owner’s background, personal credit, repayment history, and the value and type of collateral. At Greenbox Capital, we never want to put anyone’s primary place of residence at risk, so we only accept developed property that is not the business or property owner’s primary residence as collateral. 

Collateral Business Loans are Ideal for:

  • Businesses who need low cost capital for a short period of time
  • Businesses seeking a larger or longer-term funding option than a merchant cash advance or other small business loan
  • Businesses looking to make a large purchase, such as new equipment or more inventory
  • Businesses planning an expansion, merger, or acquisition

Who Can Benefit from Collateral Loans?

Collateral Loans help businesses in most industries, including:

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    Automotive Businesses

    Car dealers, auto repair shops, car parts stores, accessory manufacturers & more.

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    Construction Companies

    Contractors, electricians, plumbers, specialty tradespeople, & more.

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    Medical Practices

    Surgeons, psychiatrists, dermatologists, veterinarians, and all specialties. 

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    Retailers

    Convenience stores, salons & spas, clothing stores, specialty stores, & more.

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    Manufacturers

    Metal manufacturing & machinery, food production, electronics, & more.

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    Business Services

    Advertising, maintenance, equipment rental, computer programming, & more.

Secured collateral loans can also benefit dental practices, attorneys, pharmacies, restaurants, gas stations, dry cleaners, and more. Our expert Funding Advisors will work closely with you to select the best funding option to help you achieve your business’s goals without sacrificing cash flow.

How Collateral Loans Work

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    Submit your one-page application

    You’ll need proof of the asset’s value and a current mortgage statement (if applicable). For faster approval, grant us secure access to your bank account’s transactional data.

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    Speak to a Greenbox Capital Funding Advisor.

    A Funding Advisor will reach out to you within 1 hour (during regular business hours) to complete your application and discuss your business funding options.

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    Get funded

    Once you and your Funding Advisor determine what works for your business, funding from a collateral loan can be approved and deposited within 5-10 business days.

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    Repay your collateral loan.

    Your repayment terms are set in advance based on the quality of your credit and background, so you know exactly what to expect and can budget for your repayment.

Will Your Business Qualify?

Greenbox Capital’s small business secured loan requirements are lower than traditional lenders and other alternative funders. Approval for a collateral business loan from Greenbox Capital isn’t based solely on your credit score—we know that credit scores don’t tell the whole story, so we focus on the overall health of your business and the property. Here are some factors we consider:

  • Type of collateral—we don’t accept primary residences as collateral
  • Value of collateral
  • Business revenue
  • Cash flow
  • Vendor payment history
  • Years in business
  • Public records

Why Get Funded by Greenbox Capital?

When you apply for a secured collateral business loan from a bank, you’ll have to complete a long application and supply up to a year’s worth of detailed financial records. The process can take months with no guarantee of approval. At Greenbox Capital, your success is what matters to us most. Funding from Greenbox Capital can be obtained quickly and easily thanks to our streamlined application and fast approval process, and our knowledgeable Funding Advisors will stick with you every step of the way.

Collateral Loans Q&A

Q: What assets can be used as collateral to secure a loan?

A: We accept developed property that is not the business or property owner’s primary residence. We will not accept your primary residence as collateral.

Q: What is required to apply for a collateral loan?

A: We require a credit application, recent property appraisal, county tax bill and real estate schedule. Check with one of our Funding Advisors for more details.

Q: Do you offer collateral loans in Canada?

A: Yes, we fund throughout Canada except for Saskatchewan.

Q: How long does it take to get funding for a collateral loan?

A: Funding from a collateral loan can be made available in as little as 5-10 business days. Speak with a Funding Advisor for more information.