FundingSecure Ltd was established in 2013 as a peer-to-peer lending platform focusing on short-term, asset-backed and property-backed finance. It matched investors with borrowers, including individuals and small to medium-sized enterprises (SMEs), seeking rapid funding solutions based on collateral rather than creditworthiness. The company was regulated by the Financial Conduct Authority (FCA) under FRN 695891. Since entering administration in October 2019, no new loans are expected, but its legacy loan offerings remain relevant for understanding short-term secured finance. For broader context, see our asset finance and asset-based lending overviews.
Practical Features of FundingSecure Ltd
FundingSecure's platform had features designed to speed up borrowing while providing transparency and flexibility. It focused on secured lending with a variety of physical assets and properties as collateral.
- Peer-to-peer asset-based lending marketplace showing live loan auction details to investors
- Automated investor bidding and auto-lend tools supporting quick loan matching
- Digital application portal with real-time status tracking and document uploads
- Secure storage for high-value physical assets used as collateral
- Option to renew loans monthly by paying interest only, aiding short-term flexibility
Funding Eligibility Criteria
Qualification focused primarily on the value and ownership of acceptable collateral rather than trading history or income. You may qualify if you hold assets or property suitable as security and meet identity requirements. For details on qualifying factors, consult our business loan qualification guide and collateral definition.
Loan Options Offered
FundingSecure specialised in short-term loans secured against various physical assets or property. The main loan types offered included the following:
- Asset-Backed Short-Term Loan: £500 to £100,000, terms 1 to 6 months renewable monthly up to 12 months, interest rates 1.0% to 1.2% per month (12.0% to 15.6% APR). Acceptable assets include jewellery, watches, classic cars, and luxury items. Early repayment allowed with interest charged only for days used. More on asset-based lending.
- Property Bridging Loan: £20,000 to £5,000,000, terms 3 to 12 months with possible extensions up to 18 months, monthly interest 0.9% to 1.5% (10.8% to 18.0% APR). Loans secured by residential or commercial property with up to 70% loan-to-value. Typically requires personal guarantees from directors. Details at bridge loan.
- Property Development Loan: £50,000 to £5,000,000, terms 6 to 18 months, interest rates 1.1% to 1.6% per month (13.2% to 19.2% APR). Funded stages aligned to build process. Personal guarantees and debenture over development company usually required. See term loans and collateral for loan context.
Applying for FundingSecure Loans
The application process was fully digital initially, complemented by necessary physical asset delivery or property charge legalities. Typical timescales were short given collateral focus.
- Submit online enquiry and application with ownership evidence and identification documents. Use our loan enquiry form as a guide.
- Provide asset valuations, photographs, and business or personal bank details as required. See our funding document checklist.
- Loan decision offered within 24 hours of asset/property information receipt; funding generally within 48 hours for assets, up to two weeks for property. Refer to loan timelines guide.
Funding Agent's View on FundingSecure Ltd
FundingSecure carved a niche in rapid, collateral-led peer-to-peer lending for short-term asset and property loans. Although no new borrowing is possible due to administration, its legacy products illustrate suitability for borrowers prioritising speed and asset-backed flexibility over cost. Both individuals and SMEs with valuable assets and clear exit strategies could find such finance appropriate. For assessing current options, visit our asset-based lending page, check eligibility requirements, or browse lender comparisons.
