Secured Business Loans: Simple large scale borrowing

Cutting the cost of borrowing with Secured Business Loans

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Large scale borrowing

  • Effective way to borrow larger sums
  • £25,000 – No Maximum
  • Terms up to 20 years
  • Rates from 2% over base rate

Versatile

  • Funding secured on business or personal assets
  • Adverse Credit – no problem
  • Lower Monthly repayments
  • Reduces impact on cashflow

Flexible

  • Funds for any legal purpose
  • Flexible solutions
  • Terms to suit your needs
  • Early repayments without penalty

Talk to Rangewell – the business finance experts

secured lending can be the most cost effective way to borrow larger sums, but some lenders are more competitive than others. At Rangewell, we know the entire lending market, and can use our expertise to find the lenders who can deliver the secured lending that's right for your business

If you want to borrow a large sum of money, a secured loan could help you cut the cost

If you want to borrow a large sum of money, from £50,000 or more, you will probably need a Secured loan. The good news is that a Secured loan can cut the cost of borrowing, and can help you borrow larger sums of money than other types of lending.

Secured loans are versatile and can be tailored to your business needs, with repayment terms to fit your turnover and budget. But they do mean a small additional risk to you and your business.

What is a ‘Secured’ Loan?

Like other types of lending, a secured business loan provides a cash lump sum, which you agree to pay back with interest, usually in monthly instalments.

They are ‘secured’ because to arrange them, the lender will require something as security in case you cannot pay the loan back. You give the lender a ‘charge’ over your security. This means they’ll have the legal authority to take the asset and sell it if you can’t make the agreed repayments.

If you don’t repay, the lender will have the right to take the asset you have used as security.

Secured loans are less risky for lenders, which is why they can have lower rates of interest than Unsecured business loans. But they mean more risk for you as a borrower because your loan provider can repossess your property if you do not keep up repayments.

How security works

Security may include a personal guarantee, security over whatever is being purchased with the loan or over assets in the business. Buildings, machine tools are often used, but it may also be possible to put your own home up as security.

You can only borrow an amount less than the value of the security you provide. So you can’t get a £200,000 loan with security worth £100,000. Loans are usually 50–70% of overall asset value.

The lender will look at your assets and make a valuation, which may involve a visit to your site to check the condition and potential saleability of your property. They’ll also want to see if the asset is ‘encumbered’. This means checking if there are any charges already on it.

The advantages of Secured Loans

Having security reduces the risk to the lender. This can allow them to offer a better deal than they might with unsecured lending.

You can have longer to repay, and enjoy lower interest rates, meaning monthly repayments can be lower and easier to fit in with your cashflow.

Lenders may prefer Secured loans for borrowers with an imperfect credit history.

Why you need Rangewell to arrange a Secured Loan

There are many secured lenders, ranging from high street banks and the new generation of challenger banks to specialist, niche and P2P providers. The rates and terms they offer can vary substantially depending on the 'security' being offered.

Some lenders tend to specialise in certain business sectors, where they have more experience of the risks and opportunities involved.

Finding the right business finance lender is essential to minimise the costs of borrowing. At Rangewell we work with lenders across the entire UK market, and can search every lending product to help you find the most appropriate lender and the most competitive deal.

We can also help you decide on the most suitable form of security to offer.

REAL EXAMPLES OF WHAT WE CAN DO

  • Find a lender to provide £50,000 for a company that had only been in business for three months

  • Source a £250,000 loan to build a new production line

  • Set up funding for a business in a Creditors Voluntary Agreement

  • Find a small company a loan at a rate 30% lower than it had previously been offered

  • Find a loan of £200,000 secured on property for a company in a turnaround

Why you should call us

When large sums of money and long financial commitments are involved, it pays to have expert support on your side.

Setting up a Secured loan is a major commitment, and it can mean a number of steps, including valuation.

Coming to Rangewell means getting our experts to help you with planning and arranging your loan, as well as finding the most suitable lenders.

We can discuss your objectives, and help find answers scaled to fit your turnover and your other obligations. When you call us, we can explain the options – and find you the solutions you need.

What business owners say abut secured loans...

Borrowing secured on our plant allowed us to buy in new machines, take on new people and grow the company.
We wanted to develop a new product. We needed to pay for research, certification and new production machinery. A loan secured on the office building paid for it all.
I wanted to launch a business. I secured a loan on my house and we've never looked back.

Helping you build your profits

Reducing the cost

Business lending is priced on risk. If a lender considers there is a risk that they will not be repaid they will charge a high rate of interest. Providing security reduces the risk, and so can reduce the rate you pay.

Borrow over a longer period

Secured lenders actually prefer loans to last longer to help offset hefty set-up costs. Terms from five to 20 years are common. Borrowing for longer does reduce your monthly repayment commitment.

Borrow for any purpose

You can borrow to launch your business, to invest in your business growth, to buy another business or virtually any other business purpose. At Rangewell we can help you find the right lender for your needs.

Secured loans may be easier to obtain

Secured loans provide lenders with a means of reducing risk. This can make it easier for them to agree to loans, even for borrowers with poor credit scores.

Making large-scale funding affordable

By securing your loan on your assets, large-scale long-term lending can be made more affordable.

Specialist lenders

Some lenders specialise in particular business sectors. At Rangewell, we can help you find the most appropriate lenders for your type of business.

Download Rangewell’s free and detailed guide to Secured Loans

Rangewell Ebook - Download Rangewell’s free and detailed guide to Secured Loans
  • How do Secured Loans work and what does it mean to use assets as security?

  • How do they differ from Unsecured Loans?

  • What are the options?

  • How can you apply?

  • Finance terms such as fixed rate, monthly repayments, credit rating and loan application explained

  • Paperwork you need to provide with your application

  • Key terms to check

  • Download now

Applications may be time-consuming

The application process for a Secured Loan may take weeks, or even months, and involve expert valuations and fees.

Long-term commitment

A large loan will be a long-term commitment for your business and will reduce cash available for other purposes.

The risk of loss

ANY PROPERTY USED AS SECURITY, INCLUDING YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A LOAN SECURED ON IT.

Our service is...

Impartial

Transparent and independent, treating all lenders equally, finding the best deals.

In-depth

Every type of finance for every type of business from the entire market - over 300 lenders.

In-person

Specialist Finance Experts support you every step of the way.

Free

We make no charge of any kind when we help you find the loan you need.