In the majority of situations, access to cash is the key barrier to SMEs' growth. Several secured business loans are available, with larger facilities and lower interest rates compared to unsecured business loans. Securing a business loan against business assets, such as property, equipment, or inventory, provides the SME with much-needed funding for investing in new prospects without straining cash reserves.

That further indicates that, with lower interest rates on secured loans, businesses can invest in new equipment, grow operations, or develop a marketing strategy which are all key components of scaling while reducing the amount of debt they must repay.

In addition, secured business loans are also more accessible to SMEs with a limited credit history, as the collateral gives the lender added assurance. With these types of loans, SMEs can expand more quickly and become competitive and viable within their respective industries.