FINANCE OPTIONS

Secured Business Loans for Trades and Contractors Apply Now

Secured business loans offer trades and contractors in the UK an excellent financing option by allowing them to pledge assets such as property or equipment as collateral. These loans provide larger amounts and better interest rates, ideal for managing cash flow or purchasing new equipment.

Business Loans

Secure up to £500,000 in Business Loans with Funding Agent.

  • Quick and easy application process
  • Loan disbursed within 24 hours
  • No additional charges for early repayment
Apply Now
Cloud

We Like To Keep Things Simple

Match with
150+
Lenders
heart
Expert helpstarstar
200+ Provider
Loans from
£1000
to
£500K

zero hidden fees

underline

What are the benefits of Secured Business Loans for Trades and Contractors?

Choosing secured business loans allows businesses to access larger loan amounts and benefit from reduced interest rates compared to unsecured loans. With lending options like asset-based lending, trades and contractors can efficiently manage their financial needs.

black tick in a green circle
Lower interest rates
black tick in a green circle
Improved cash flow
black tick in a green circle
Flexible repayment terms

Get Funding For your business

Generate offers
Cta image

What are the different types of Secured Business Loans for Trades and Contractors?

Asset-Backed Loans

Asset-backed loans require SMEs to own valuable assets, offering loan amounts between £50,000 to £5,000,000 with terms spanning 12 to 120 months.

Asset-Backed Loans

Eligible SMEs with good credit can leverage their assets to secure loans at interest rates of 3% to 15% per annum. Approval involves asset valuation and financial assessments, providing great solutions like purchasing new machinery for expansion.

Invoice Financing

Invoice financing enables businesses to advance funds by using outstanding invoices. With quick approvals, it suits businesses with a steady flow of creditworthy clients.

Invoice Financing

Offering up to 95% of invoice value with interest rates from 1% to 5% monthly, invoice financing bridges cash flow gaps effectively. Rapid decisions within 24 to 48 hours provide seamless operations while awaiting full client payments.

Property-Backed Loans

Property-backed loans cater to SMEs owning commercial or residential properties, providing sums from £100,000 to £10,000,000.

Property-Backed Loans

These loans are ideal for long-term expansions like property acquisition. With interest rates between 2% and 10% per annum, they come with lending terms of 60 to 240 months, making them perfect for hospitality businesses expanding their venues.

What is a Secured Business Loan for Trades and Contractors?

Application Process

Applying for a secured business loan involves asset valuation and comprehensive documentation submission. The initial decision can be expected within one week, followed by a more detailed assessment of financial health and asset worth.

Regulatory Requirements

Borrowers need to ensure compliance with regulatory standards such as FCA authorization. Understanding the risks associated with collateral is crucial. It's a domain we offer expertise in, guiding through all steps.

Borrowing Capacity

Loan amounts vary widely based on asset value and business creditworthiness. Our tools help businesses assess their capacity, offering ranges from £50,000 to £10,000,000.

FAQ’S

How much can I borrow with a secured business loan?
How quickly can I get a decision on my secured loan application?
What are the interest rates for secured business loans?
What eligibility requirements must be met for secured loans?

DIVE DEEPER