Our Secured Business Loans
- You can borrow between £25,000 and £1,000,000.
- Repayment terms of between 3 months and 10 years.
- Capital & Interest Repayment Options.
- Interest Only Options for 5 Years.
- Residential or Commercial property in England or Wales Accepted.
- New Start Businesses Accepted.
- Distressed Businesses Accepted.
- Large, Established Businesses Accepted.
- Past Credit Issues Accepted.
- Perfect if you have been declined by your bank or high street lender
If you are looking to raise some funds for your business, a Secured Business Loan could be perfect for you. If you have previous credit issues, if your business is struggling, if you want to consolidate debt, if you want to start a business, if you want to buy-out a partner then look at our secured loan options.
What Are Secured Business Loans?
We offer secured business loans against residential or commercial properties.
The property can either be owned by one of the directors, owners or indeed the company itself.
Secured business loans offer greater flexibility in terms of loan amounts, rate and payback term.
How Do Secured Business Loans Work?
In a nutshell, it’s pretty simple.
We initially access the value of the security on offer, the amount of existing debt (mortgage etc) already owing on that property and then determine what amount we offer in terms of loan amount to you. We do sometimes request business bank statements, accounts or cashflow forecasts or business plans. Once we make an offer the process can be completed very quickly. A formal valuation is required by one of our approved RICS registered valuers. This is mandatory requirement and is a chargeable service. Fees differ dependant on valuer used, property value or loan amount.
How Much Could Be Borrowed?
- Up to 75% LTV (Loan to Value) against Director-owned residential properties.
- Up to 60% LTV (Loan to Value) against Director- or company-owned commercial property.
The Biggest Benefits of Secured Business Loans
There are many benefits to a secured business loan, compared to taking out an unsecured loan in its place. These benefits include:
Greater Lending Amounts
Secured business loan lenders will typically offer bigger cash amounts, compared to their unsecured lender counterparts.
A Longer Repayment Term
With a secured business loan, the repayment term tends to be much longer than with an unsecured loan. Budgets are much more steady in return, and a business owner can work steadily through their repayment schedule.
Lower Interest Rate
Because the loan is secured against property, rates tend to be lower.
All Credit Ratings Can Be Accepted
Good credit scores will always be best, of course. But if a business owner is working with bad credit or no credit at all, they will still be considered for a loan.
Will Work with Startup Businesses
For a business that has little to no trading history as yet, such as a startup, secured business loans are often the only viable form of funding a business owner can reach out to. Company assets, rather than credit score or proof of profit, are used to secure the loan’s repayment.
Is My Business Eligible for a Secured Business Loan?
With us, quite simply if you are a homeowner with sufficient equity then we can consider you for a secured business loan.
Quick Online Application
Takes 2 minutes!
We’ll Find The Right Lender
A human, not a robot.
Get The Funds
Could be same day.