FAST AND COMPETITIVE LOANS OF UP TO £1 MILLION

Secured business loans are a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan.

The debt is thus secured against the collateral — in the event that the borrower defaults, the creditor takes possession of the asset used as collateral and may sell it to regain some or all of the amount originally loaned to the borrower, for example, foreclosure of a home.

Secured business loans are available for any purpose and any amount up to £1,000,000.  These secured business loans need to be secured against a property that you own or you have a proportion of equity in.

Secured business loans generally have lower interest rates than unsecured business loans whatever your industry. Secured business loans also come with the flexibility of a longer repayment period of up to ten years.

• Commercial business loans up to £1,000,000
• Loans must be secured on a property
• Repayment terms from 3 months to 10 years
• Choice of repayment methods to suit your needs
• Available to sole traders, partnerships and Limited companies for business purposes
• New starts, established companies and companies with poor credit

Before applying for a secured business loan, please ensure that you meet the following eligibility criteria:

• You are a homeowner living in the UK
• You are 18 years of age, or above

Generally speaking, secured debt may attract lower interest rates than unsecured debt due to the added security for the lender; however, credit history, ability to repay, and expected returns for the lender are also factors affecting rates.

We always offer a no obligation chat to establish your business financing requirements and how we can help. Contact us today to discuss business loans with our knowlegeable advisers.