Secured Business Loan

About Secured Business Loans

Secured business loans are backed by assets such as property, vehicles, or equipment. These loans offer higher borrowing limits, lower interest rates, and longer repayment periods due to the reduced risk for lenders.

Key Features

Collateral Requirement: Assets are pledged to secure the loan.
Lower Interest Rates: Lenders offer better rates for reduced risk.
Higher Loan Amounts: Access larger funding based on asset value.
Longer Repayment Terms: Spread payments to suit your cash flow.

Pros and Cons

Lower interest rates and better terms.
Easier qualification for those with limited credit history.
Risk of losing collateral if repayments aren’t met.
Longer approval due to valuation process.

FAQs - Secured Business Loans

What can be used as collateral?

Property, vehicles, equipment, or other assets can be pledged.

Are secured loans suitable for startups?

Yes, if the business has assets to offer as security.

What happens if I default?

The lender can seize the collateral to recover unpaid funds.

Can I repay early?

Yes, most lenders allow early repayment, sometimes with small fees.

Bridging Finance

Property Development

Merchant Cash Advance

Invoice Finance

Asset Finance

Growth Guarantee Scheme

Unsecured Business Loan

R&D Tax Credits

Secured Business Loans

About Secured Business Loans

Key Features

Pros and Cons

FAQs - Secured Business Loans