As far as finances for business loans are concerned then secured business loans are always preferable over other types of finances available in the market. In getting secured loans you will have to use some collateral, while in getting unsecured loans collaterals are not needed. Although secured loans may give you a bit of a headache with the collateral, it will also cost you less since the interest in these loans are much lower than unsecured loans. As collateral, you might have to keep something valuable like car or jewellery with the bank but in return you will get a lower interest rate on your loan. Also payment of secured loans can be flexible & the banks don’t normally harass their customers if secured loans have been taken. This is because the banks keep something of value with them as collateral. On the other hand if you fail to pay the dues in unsecured loans in time, the banks, especially the private ones, will harass & torment you for their money.