Secured Business Loans

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What is a Secured Business Loan?

Business loans can be taken out ‘against’ a major asset for the business – some key equipment, or even the business’ premises if owned rather than rented. This asset becomes ‘security’ for the secured loan, meaning that if the business defaults on payments or otherwise fails the terms of the agreement, the loan provider takes ownership of the asset.

Because these assets will be valuable and business-critical, this motivates the business to keep up payments on the loan. Secured business loans can often be larger than a comparable unsecured business loan for this reason.

 

Applying for Secured Business Loans

Century Business Finance offer secured business loans suitable for:

  • Phoenix companies.
  • Struggling companies.
  • Companies that need fast approval and funds.
  • Businesses which have been declined by their bank or other providers.
  • Sole traders, limited companies and partnerships.
  • Difficult credit profiles.

 

The way we approach secured business loans means they must be secured against UK property.

 

Century Business Finance Secured Business Loans

  • You can borrow between £50,000 and £1,000,000.
  • Repayment terms of between 3 months and 10 years.
  • Capital & Interest Repayment Options
  • Interest Only Options for 2 Years
  • 1 Year Bridging Loans
  • 70% LTV (Loan to Value) against Director-owned residential properties.
  • 50% LTV (Loan to Value) against Director- or company-owned commercial property.

Examples of Secured Loan Values

For Residential Properties – 70% LTV option:

If your:

  • Property is worth £100,000.00.
  • You have £50,000.00 remaining on the mortgage and no other charges.
  • You could borrow £20,000.00.

If your:

  • Property is worth £500,000.00.
  • You have £250,000.00 remaining on the mortgage and no other charges.
  • You could borrow £100,000.00.

For Commercial Properties – 50% LTV option:

If your:

  • Property is worth £100,000.00.
  • You have £25,000.00 remaining on the mortgage and no other charges.
  • You could borrow £25,000.00.

If your:

  • Property is worth £500,000.00.
  • You have £150,000.00 remaining on the mortgage and no other charges.
  • You could borrow £100,000.00.

Just apply online.

How do I apply?

1

Fill out our online form

2

Send us your relevant financial information and you’ll receive a decision in 24 hours

3

You accept the offer

4

Funds clear the next day

The Benefits of a Century Business Loan Include:

  • Low Rates
  • Loans between £10k and £200k
  • Fixed monthly payments make budgeting simple
  • Simple, easy to understand documentation
  • No fees up front. No exit fees
  • No early settlement penalties. Pay back early, pay less
  • Repayment terms between 6 months and 5 years
  • Loans can be used for any purpose
  • Decision in under 24 hours
  • Funds clear to your account next day