Secured Loans
Borrow larger sums at competitive rates by using property or business assets as security.
What are Secured Loans?
Secured Loans allow businesses to access finance by offering an asset-such as property, vehicles, or equipment-as collateral. Because the loan is backed by security, lenders may offer higher borrowing limits and lower interest rates.
Benefits:
- Lower interest rates: Typically cheaper than unsecured borrowing.
- Higher loan amounts: Borrow more for larger projects or investments.
- Flexible use: Suitable for expansion, refinancing, or working capital.
- Longer terms: Repayments can often be spread over several year
Why They Matter
Secured Loans give businesses the ability to fund significant investments-such as property purchases, refurbishments, or major growth plans-while benefiting from more favourable borrowing terms.
Key Considerations
- Risk: If repayments are not met, the secured asset may be at risk.s.
- Eligibility: Lenders assess both the value of the security and the business’s ability to repay.
- Costs: Arrangement fees, valuations, and legal costs may apply.