: You may be referring to a loan secured against a specific "piece" of property or equipment.
If "piece" refers to a specific type of loan structure rather than the "stretch piece" term: company loan
: These loans are usually 2nd lien or subordinated, meaning the primary bank is paid back first in the event of a default. Common Uses : : You may be referring to a loan
: Funding new projects or acquisitions that exceed current credit lines. company loan