If you’re a UK business with assets and you’re looking for capital to grow, then securing a business loan against one or more your assets could be the ideal way to raise the funding you need. By taking security, the lender is much less likely to lose money should you fail to keep up the repayments. This means you will be more likely to be approved for a secured loan, as well as be offered lower interest rates, longer terms, and larger loans for your business. secured business loans are usually quick and simple.
If you or your business owns any high-value assets you’re likely to be eligible for a secured business loan, especially if you’re prepared to put up business or personal property as security against the loan.
A lender will assess the value of the asset – or assets – and will want to know what you’re borrowing the money for.
With terms from 1-30 years secured commercial loans and funding option can be the best way to grow your business or can be used for business acquisition.