Small Business Loans: Secured vs. Unsecured

Securing external funding is part and parcel of operating a small business. The two main options are secured or unsecured small business loans. While unsecured loans have advantages, secured loans are the better option for most people. 

Secured loans are more accessible, offer higher borrowing limits with lower interest rates, and can be paid back over an extended period. This post covers everything you need to know about secured vs. unsecured business loans to help you make an informed decision. 

Secured Small Business Loans Pros and Cons 

Pros

Lenient credit score requirementsLarger borrowing amountsLower interest ratesLonger repayment periods Easier to access Possible tax benefits 

Cons 

Slower to fund Risk of losing business assetsRequires collateral 

Unsecured Small Business Loans Pros and Cons 

Pros

No physical collateral required Quicker to fund Simpler application processBuilds credit history 

Cons 

More difficult to accessHigher interest rates Smaller borrowing amountsShorter repayment period Potential personal guarantee or UCC lien requirements

The 11 Best Business Loans for 2022

The Quick Sprout team has done a lot of research into where to get the best business loans right now. The top 11 are below and you can read our in-depth reviews on each to see which might be the best fit for your business needs.

Bluevine — Best for… Read More

How to Grow Your Email List

Want to just get started? Click here to sign up for Constant Contact and start growing your list today. 

Having a big email list can lead to more sales, followers, and market research. 

But with so much competition, it’s hard to convince people to part with their email addresses. 

If you can learn how to get people to subscribe to your list, you’ll have a growing database of potential customers or followers that can’t be taken away from you. 

Email marketing also has one of the highest ROIs of any marketing, and you can use your list to do market research for better content and products.

The Top-Rated Email Marketing Platforms to Help You Grow Your List 

If you want to grow your email list, you’ll need to start with a great email marketing service that helps you manage your subscribers. Here are our top recommendations: 

Constant Contact — Best overallSendinblue — Best for growing your customer baseMailerLite — Best for the essentials at an affordable priceOmnisend —Best email and SMS marketing comboMoosend — Best for ecommerceAWeber — Best value for low subscriber countGetResponse — Best for automated lead generationHubSpot — Best for automated email marketingDrip — Best for new ecommerce businessesConvertKit — Best for influencers, bloggers, and creators

You can read our full review of each email marketing platform here. 

4 Steps To Gett… Read More

How to Create an Email Marketing Campaign

Want to just get started? Click here to sign up for Constant Contact and start creating your campaign today. 

Email marketing is so valuable that the average ROI is $36 for every $1 spent. But when it comes to email marketing campaigns, most people don’t know what to write, or how to structure one. 

If you DO know how to set the right goals and send emails to the right people, campaigns can be an evergreen way to make sales and connect with your subscribers. 

Once you learn how to create a great email campaign, you’ll be able to convert subscribers into customers or followers on autopilot and get invaluable insights into your target audience. 

Plus, you’ll be able to reuse your campaign over and over and keep improving it to get better results every time. 

The Top-Rated Email Marketing Platforms to Help you Create Great Email Campaigns 

If you want to create and send out successful email campaigns, you’ll need to have a reliable email marketing service to help you. Here are our top recommendations: 

Constant Contact — Best overallSendinblue — Best for growing your customer baseMailerLite — Best for the essentials at an affordable priceOmnisend —Best email and SMS marketing comboMoosend — Best for ecommerceAWeber — Best value for low subscriber countGetResponse — Best for automated lead generationHubSpot — Best for automated email marketingDrip — Best for new… Read More