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A secured loan is a loan that is backed by some kind of collateral. If the secured loan isn't re-payed, the lender may take the assets that were used as collateral to recover a portion of the money owed to them.
Microloans are very small loans, generally less than $50,000, that are intended to help start or grow small businesses. A large portion of microloans come from non-profit organizations and government...
Balloon loans are typically shorter term loans that have lower monthly payments however the final payment is disproportionately larger than the rest.
