How long does it take to get approved for a secured business loan?

The time it takes to get approved for a secured business loan can vary depending on several factors, such as the lender's specific application process, the amount of the loan, the collateral being used, and the creditworthiness of the borrower.

Generally, the approval process for a secured business loan takes longer than an unsecured loan, as lenders need to evaluate the value of the collateral being used to secure the loan. Typically, it can take anywhere from a few days to several weeks to receive a decision on a secured business loan application.