Secured & Unsecured Loans

What are Secured & Unsecured Loans?

If you're a UK firm with assets in need of financing, arranging a business loan against one or more of your assets could be the best option to get the funding you need. With a secured loan your business will tend to benefit from lower interest rates, longer terms, and bigger loans for your company. A secured business loan allows you to put an asset or the combined value of numerous assets up as collateral for the money you require.

Unsecured business loans allow you to get funding quickly without having to put up any collateral, such as property, equipment, or machinery. If your firm is lacking in assets or you don't want to secure what assets you do have against your loan, an unsecured business loan could be a method to acquire an affordable capital injection.

 Many UK lenders can provide funding for working capital, growth, or expansion for your small business, and if you like the idea of fixed monthly repayments over a certain period, a business loan (unsecured or secured) could be the ideal option for you. Other types of loans available include Merchant Lending and Revolving Lines of Credit.