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Secured business lines of term and credit loans

Secured business lines of term and credit loans

You can apply for a secured loan if you need a credit line or term loan larger than the maximums offered by Bank of America’s unsecured loans.

Demands are stricter: you really must have made $250,000 in product sales into the this past year.

These loans are supported by a lien in your business’s assets so Bank of America has a significantly better potential for getting compensated if you default from the mortgage.