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​What is a Secured Business Loan?

Estimated Read Time: 2 Minutes

JESSICA LAMBERT , 27 January, 2023

When it comes to funding the expansion plans of your growing business these days, thankfully there are lots of ways to do so. Whilst the bank used to be the only viable option a business had, alternative finance is growing in popularity. So much so, according to BBA, total applications for bank finance were 9% lower than usual in 2016 as businesses decided to explore alternative options.

Getting a business loan to get things started is always a good option to consider but not all loans are suitable for your needs. Seeing as there are numerous types of financial credit available, it is best to do your research beforehand to ensure that you chose finance that fits your business.

What’s the difference between secured or unsecured?

Although both loans are paid back in monthly instalments alongside a business loan rate, with a secured business loan, the loan is secured against an asset in order to protect the lender should there be any problems with paying the loan back. This security usually comes in the form of valuable asset.

These types of loans can really help a thriving business that has ambitious plans to expand, just like the director of a nursery we worked with did.

Quick And Efficient

When it comes to supporting you, we understand that there is often a need for urgency involved, which is why we have a quick turnaround. We can lend from £25,000 to £20 million through our secured loan products, dependent on the value of your assets and we can help all sizes of company including start ups. To speed up the process it is helpful for you to have as much of the required documentation ready as possible.

Depending on the finance product required we can lend your business up to £50m, we do our best to help provide growing SMEs the finance that fits their needs to thrive. At Nucleus Commercial Finance our Property Finance is a secured business loans and can offer many different types, including interest only, bridging loans or term loans for up to seven years. Of course, as with many secured loans, this type is subject to credit and property checks and you would be required to have equity available in the property you are planning to borrow against.

Speak to our expert funding team, our products and services come with guaranteed expertise, honesty and certainty. If you’d like to find out more, please contact one of our specialists on 020 7839 9451 or email contact@nucleus-cf.co.uk.




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