A secured business loan is an effective way of borrowing money against a company asset such as property, land or equipment. These are offered as collateral that the lender can take if the business stops making repayments.
As there is a better chance of recovering the assets, the interest rates are often lower than an unsecured business loan, which can make a difference when looking to make a significant investment.
Our in-house financial experts are on hand to source the most appropriate loan for your requirements.
Broadly a secured business loan covers a wide range of more specific terms. The money can be used for whatever you feel your business needs since the repayment is secured by a personal guarantee or an asset such as stock, equipment, property and even intellectual property.
Due to this, searching for a comparable product can be overwhelming and time-consuming. At trufe. we do the leg work for you, which can save you time, and by sourcing the right loan for your needs, it can also save you money.
Starting and growing a business is not easy. We understand the challenges faced by startups looking for bank loans and know they are equally difficult to obtain for medium enterprises and corporations as the requirements become increasingly complex.
Taking out a loan to pay for assets through a secured loan or using a hire purchase payment plan can enable you to make the investment you need to help your business expand. Machinery, infrastructure or stock can all be purchased with a secured business loan.
As a secured business loan has ‘security’ it is likely to have a lower interest rate than alternative borrowing products. However, it is not the only consideration made by lenders and whilst most products are similar in principle, it is the preconditions and credit worthiness of your company that will determine how much you can borrow.
By understanding your business finances, how the loan will be used and term the loan is required for, we are able to select the provider that offers the most attractive rates for your scenario.
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The team at trufe. are experienced in sourcing the lowest rates available for our clients when taking out a secured business loan.
Working to understand your business situation, aims and objectives, we will search the whole market as an independent broker to source the most appropriate loan to match your requirements.
With so many packages available, the savings achieved by using a broker can be well worth the research. We will also take care of all the whole application process, providing an agreement in principle quickly.
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No matter what your financial situation we look to save you money every month with great deals that maximise your strengths with the very best providers in the market.