Secured Business Loans
For most SMEs operating in the UK, business loans are the lifeblood that enables them to operate. In the absence of an affordable business loan, thousands of successful start-ups would have failed to get things started in the first place.
At UK Bridging Loans, we specialise in all types of business finance, such as secured business loans and small business bridging loans, for ambitious entrepreneurs and innovative enterprises. Whether you are a start-up business or looking for affordable commercial finance to take your business to the next level, we will do whatever it takes to find you an unbeatable deal. Call anytime to discuss your requirements in more detail or to get your commercial loan application underway.
Comprehensive commercial finance solutions
Unlike some, we understand that time is a critical factor when organising small business loans. Throughout every stage of the application process, our experienced team will provide the support you need to access affordable business funding the moment you need it.
Our extensive range of commercial and financial solutions for new and established businesses includes the following:
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- Asset finance: A complete range of loans and financial products for purchasing business equipment, vehicles, and assets of value.
- Invoice finance: Gain immediate and affordable access to the working capital you need to grow and develop your business.
- Commercial mortgages: If you are looking to purchase premises outright for your business, we can help you get an unbeatable deal on a commercial mortgage.
- Property development finance: Ideal for ambitious entrepreneurs and business owners looking to build new properties or develop on land.
- Bespoke financial solutions: Comprehensive funding packages for SMEs and entrepreneurs with a secure business loan tailored to meet your exact requirements.
For more information or to discuss the benefits of our commercial finance solutions in more detail, book your obligation-free consultation with UK Bridging Loans today.
Flexible and affordable secured business loans
Issues like poor credit, a history of bankruptcy, or prior insolvency have traditionally prevented entrepreneurs from accessing competitive business loans.
At UK Bridging Loans, we work with an extensive network of specialist lenders who consider each case by way of its individual merit.
Use our exclusive online business loan calculator for an initial overview, which will help you assess affordability and your preferred repayment plan. After which, UK Bridging Loans will conduct a whole-market search on your behalf, pairing your requirements with an affordable business loan from a trusted and reputable lender.
Call today for more information, or email us anytime detailing your requirements and we will get back to you as soon as possible.
Uk’s Best bridging loan rates from 0.55%
How it works
Get in touch
Clients approach UK Bridging Loans either directly or via introducers. Basic questions by way of a “fact-finding” process are used by UK Bridging Loans to determine if the lending requirements are a possibility.
Fast approval
An immediate yes or no answer is given, and if suitable, a quotation is formulated and forwarded to the client, usually by email.
Formal offer
A formal offer is produced for any client wishing to proceed and forwarded for signature, again, usually by email.
Representative visit
Each client is visited at the security address for the signature of the remaining loan paperwork, including a CH1 land registry charging order. We will also collect any additional pre-requested documentation.
Dedicated underwriting
The signed documentation was immediately sent to our underwriters. Our model is based on very quick completions, as each deal is funded using all of our own money. On rare occasions, we may request additional information.
Payment of funds
Average completion from initial acceptance to pay-out is usually just a few days. We rarely require valuations or additional legal representation. The land registry charge will be removed once the bridging loan is repaid.
Who can use bridging finance?
Age
The applicant could be too old to obtain a standard high-street mortgage, as most mortgage lenders now prevent borrowing beyond what is deemed “normal retirement age”.
Property conditions
The property may be in a condition where it is not suitable for mortgage financing, and as such, a bridging loan could be used to complete the purchase and any required work prior to refinancing.
Credit
The applicant may have had some adverse credit, however minor, which was previously acceptable to lenders but now no longer fits the high street lending criteria.
Income
The applicant may have difficulty proving the income requirements needed for more regular financing. This may be due to poor self-employment records, a break from work, a reduction in self-employed workloads, or overtime.
USP’s
Superfast completion, often within days
Quick auction finance
2nd charge behind the bridging lender
Pure equity-based lending
Loans from £25,500
Land, with or without planning
3rd charge (consent is not always required)
2nd charge behind the equity release lender
Residential and commercial
A free legal option
2nd charge (consent is not always required)
Adverse credit is considered
Up to age 85
Valuations are not always required
No monthly payments
Frequently asked questions
What is a secured business loan?
A secured business loan is a type of financing that uses a business asset, such as property, equipment, or inventory, as collateral. This means that the lender has the right to take possession of the asset if you fail to repay the loan. Secured business loans typically offer lower interest rates and more favourable terms than unsecured loans, as lenders have a lower risk of losing money if you default.
Are secured loans hard to get?
Secured business loans can be easier to obtain than unsecured loans, as lenders have the security of the asset to protect their investment. However, they will still assess your business’s financial health and repayment ability before approving a loan. You will need to have a good credit score, a solid business plan, and a proven track record of profitability.
How do I qualify for a secured business loan?
To qualify for a secured business loan, you will typically need to meet the following criteria:
- Have a strong credit score of at least 650.
- Own or have access to a valuable asset that can be used as collateral.
- Be in business for at least two years.
- Have a positive cash flow.
- Have a well-defined business plan.
How does a secured loan work?
In a secured business loan, the lender will assess your business’s financial health, creditworthiness, and the value of the asset you are offering as collateral. If they approve the loan, they will secure the loan against the asset, meaning that they have the right to seize the asset if you fail to make your payments. You will then receive the loan amount, which you can use to finance your business needs.
Is it a good idea to get a secured business loan?
Whether or not a secured business loan is a good idea for your business depends on your specific circumstances. If you have a strong credit score, valuable assets, and a well-defined business plan, then a secured loan can be a good way to access financing at a lower interest rate and more favourable terms. However, if you have a weak credit score or a history of financial difficulties, then you may have difficulty securing a secured loan.
Does a secured loan hurt your credit?
Taking out a secured business loan can have some impact on your credit score, as it will result in an application inquiry and a new account being opened. However, the impact on your credit score is typically less severe than with an unsecured loan, as the lender has the security of the asset to protect their investment.
Do banks prefer secured loans?
Yes, banks typically prefer secured business loans as they offer a lower risk of default. This is because the lender has an asset to seize if the borrower fails to repay the loan. As a result, secured loans often have lower interest rates and more favourable terms than unsecured loans.
Bridging loan uses
Opening Hours
Mon-Thurs: 9am-8.30pm
Fri: 9am-5pm
Sat: 10am-5pm
Sun: 11am-5pm
Open 7 Days a Week
