Secured Business Loans

Secured business loans for UK businesses

Secured business loans are an ideal option for businesses who require funding that have access to assets that can be used as security. Secured loans can typically provide improved terms, and lower risk for lenders.

MAF Finance Group have access to a wide range of lenders and financial institutions to ensure you secure the perfect funding solution. Irrespective of the specification of the loan, MAF will manage the entire process throughout its duration, ensuring no time is taken away from your business operations.

What is a Secured Loan?

A secured business loan is a type of loan that gives businesses the opportunity to secure funding by using property as security. Before the property can be used as security, an evaluation is required to ensure the property is suitable. If you or your business owns property, a secured loan offers another method of acquiring funding.

Due to the valuation process, a secured business loan typically takes longer to secure approval.

A valuation is required as the lender needs to ensure that suitable security is in place and that the value of the property is great enough.

The amount of capital that can be financed with a secured business loan depends on the value of the property being used as security, typically up to 75% of the property value can be financed.

Due to the security on offer, secured loans are usually viewed as lower risk by the lender, meaning your business may be able to secure a larger loan amount, longer terms and an improved chance of approval. 

Secured business loans are an option for businesses who require funding that have access to assets such as property that can be used as security.

How does a secured business loan work?

Once you contact us, we will ask you to send over some information. Depending on your business and what you’re planning on using the loan for, this could include your latest set of accounts, last 6 months’ bank statements and personal details of any directors.

After confirming the above information, we will apply to our wide panel of funders, who will usually come back with an answer in 48 hours. Identification checks and know your customer requirements will also need to be carried out on the business and the directors.

When you confirm you wish to proceed with the terms and conditions of the secured loan, you will be sent the documentation for your signature and return. Once all final checks have been carried out the funds are then released to you.

Benefits of secured loans

Some of the benefits of using a secured loan are:

• Access to higher loan amounts
• Longer repayment terms
• Access to lower interest rates
• Security provided to the lender
• Increased approval rates

Am I eligible for a secured business loan?

We can work with a wide range of businesses to help them acquire a secured loan.

Ranging from new startups to established companies we can help most businesses with funding lines.

However you must have a UK-based business and operate as a limited company or a partnership.

Things to consider for a secured loan

Amount: 75% of the asset used for security can be funded.

Purpose: Can be used for any legitimate business purpose.

Time length: Approval times are extended due to the valuation process.

Interest rate: More competitive interest rates due to security provided.

What can I use a secured business loan for?

• Expansion
• Working capital
• Hiring new staff
• Purchasing new inventories
• Research and development
• Debt relief
• Refinancing existing assets
• Pay suppliers

How to apply for a secured loan

MAF Finance Group works with a wide panel of banks and alternative funders and can assess which funder provides the most competitive financial solution for you.

If you would like to get a quote or need further information, simply fill in the form and we will contact you. If you want to speak to someone directly, you can call us on 0115 958 6872 and a member of our team will be happy to speak to you. Alternatively, email us at [email protected].