[danaris]

Is a small business loan usually taken out with the entire company as collateral? Rather than just based on normal loan terms and risk?

(That sounds unlikely to me, but I know little enough about the intricacies of business finance that it could be true...)

[tristor]

Yes. It's very common to collateralize a loan with the total assets of the company, and often with personal guarantee on top of this for small LLCs without significant assets or credit history.