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Secured term loans typically suit businesses with strong trading history and cash-flow visibility. Lenders usually expect evidence you can service the debt, a satisfactory credit profile, and a clear fit between the proposed use of funds and underwriting. For quarrying, the security base may include site plant, equipment, or legally and practically chargeable property or land. Typical amounts range from £50,000 to £500,000+, with repayment terms commonly 36 to 84 months.

Unsecured term loans are designed for quarrying businesses that can show reliable turnover and cash-flow strength without needing to rely on significant collateral. Lenders commonly assess consistent performance, existing debt levels against cash generation, and the ability to afford repayments under stressed scenarios such as demand or margin variation. For quarrying, they also scrutinise seasonality and contract structure. Typical amounts are £25,000 to £250,000, with terms often 24 to 60 months, and decision times frequently 1 to 4 weeks depending on how quickly evidence is provided.

Partially secured term loans sit between secured and unsecured borrowing. Quarrying SMEs may provide security that is feasible in legal and practical terms, such as a charge related to specific equipment. Lenders still focus on trading performance, credit history, debt service coverage, and the realism of the plan connecting the loan use to revenue or cost savings. Typical amounts are £50,000 to £400,000 and terms often fall between 30 and 72 months. Decision times are commonly 2 to 5 weeks, depending on how quickly security documentation and any valuations can be arranged.