A Secured Business Loan allows quick access to capital tied up in company assets- such as a commercial property- and is generally much cheaper than unsecured loans due to the security held by the finance provider. Our lenders are extremely flexible and will aim to make funds available within a matter of days.
This is a lending facility that is offered to a business using the security of a tangible asset. The assets accepted are generally buildings or land owned in the business name. There is normally a valuation required in order to ascertain the true market value of the asset together with a value for lending purposes. The costs of the valuation will be covered by your business. The valuation must be completed by a Surveyor from the funders approved panel.
Once the valuation of the asset has been complete, the lender would look to take a legal charge over the asset before the funds are released.
Anything from £5,000 to £500,000.
3 months to 60 months.
The value of repayments will be agreed at the outset. Once you accept the offer, a contract will be made available for you to sign. A direct debit will then be set up in order for the financier to recover the monthly repayments over the agreed period of time.
Firstly the online application will need to be complete. Once this has been done you will need to send the following information to firstname.lastname@example.org