Secured business finance
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Secured Finance
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Secured business finance
Secured business loans are designed for businesses that own commercial property, vehicles, machinery or other qualifying business assets. They can also be used by directors who don’t want to offer a personal guarantee in order to secure funding.
Leverage Assets for Business Funding
Secured business finance allows companies to obtain funding by using their assets, such as property or equipment, as collateral. This option often provides better interest rates and higher borrowing limits, making it ideal for businesses looking to secure larger loans with favorable terms.
Secured business finance advantages
Business loans that require security tend to be cheaper than unsecured loans and other types of finance. The risk of the lender losing their money is smaller because they can claim the lost funds through the sale of your asset if you don’t repay.
Larger amounts tend to be available through secured business finance; although it does depend, to a large extent on the value of your asset. You may be eligible to borrow up to 100% of the net value of the asset or assets you offer as security.
The longer the loan term, the lower your monthly repayments are likely to be. This can benefit your business from a cash flow perspective, but it’s also important to consider the total loan cost. Your Funding Options by Tide expert can talk you through this.
Because your business assets act at the guarantee, the lender may be more flexible when looking at your trading and credit history.
For this reason, secured finance could be a viable option for startups that haven't been trading for long, or companies that don’t have a perfect credit rating.
Our Benefits
Discover the Key Advantages of
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Increased Access to Funding
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Flexible Loan Options
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Boosts Business Growth
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Encourages Innovation
