This is a Bank or other loan secured against a capital item, usually your home. The bank will want to see your Business Plan and run it through their remote credit team. There will normally be an upfront fee. Banks normally only fund fairly low risk ventures particularly when times are hard.
Secured loans work well for some businesses, as long as you are prepared to lose your home if your business fails. If they are concerned about the state of the business they may foreclose on the loan and they’re unlikely to give you any significant help in running your business when you need it.
Also in the UK beware the current practice of some banks to initially offer a Business Loan but at the last minute, when you are desperate, to say you have been refused by the credit committee and switch this to a personal loan secured on your house with less advantageous terms. We have seen this happen too many times in the last few years and it's usually too late to pitch for Angel Funding by this stage.
Find out more about other funding methods.