Compare Secured Business Loans

We have partnered with Funding Options so you can compare over 120 lenders to find the right finance partner for you.

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  • Loans from £1000 to £20M

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How it works with Simply Business Loans

At Simply Business Loans we have partnered with Funding Options to bring you access to over 120+ lenders. Funding Options provides you with one simple application process that delivers uniquely tailored loan solutions for your business. Their technology, Funding Cloud, will accurately validate your business profile, matching you to the industry’s largest lender network.

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Start with how much you need to borrow, what it’s for, and basic information about your business.

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Secured Loans for UK Small Businesses and SME’s

Secured loans can be a valuable financing option for UK small businesses and SMEs seeking more substantial funding. Here’s some pointers to understanding secured loans, their key features, and which businesses they best suit.

Key Features

Secured Against Assets:
Loans are secured against business or personal assets, like property, inventory, or equipment. This provides a safety net for the lender, often resulting in lower interest rates and higher borrowing limits.

Flexible Loan Amounts:
Loan amounts typically range from £10,000 to £5 million, depending on the value of the collateral. This gives businesses access to significant funding for various purposes.

Longer Repayment Terms:
Repayment periods range from 1 to 25 years. This helps manage cash flow with more affordable monthly repayments.

Lower Interest Rates:
Secured loans generally have more competitive interest rates than unsecured loans due to reduced lender risk. This reduces the total cost of borrowing over the loan term.

Risk of Asset Repossession:
If the business defaults on the loan, the lender can repossess the pledged assets. It’s crucial to carefully assess repayment capability before opting for a secured loan.

Best-Suited Businesses

Growing Businesses:
Ideal for companies expanding their operations or acquiring new equipment, as higher borrowing limits enable significant investments.

Businesses with Valuable Assets:
Suitable for businesses with assets like property, vehicles, or machinery to use as collateral to secure the loan and potentially get more favourable rates.

Businesses Refinancing Existing Debt:
Useful for companies consolidating or refinancing high-interest debt, as lower interest rates can help reduce overall debt costs.

Seasonal Businesses:
Ideal for businesses experiencing seasonal fluctuations in revenue, as longer repayment terms help manage cash flow during off-peak periods.

Comparing Secured Loans

Define Your Funding Needs:
Determine the amount required and repayment terms suitable for your business.

Compare Interest Rates and Fees:
Review the Annual Percentage Rate (APR) and any hidden fees like arrangement or early repayment fees.

Check Eligibility Requirements:
Lenders have varying criteria for business size, credit score, and collateral value.

Consider Other Loan Types:
Compare secured loans with alternatives like unsecured loans or asset finance.

Seek Professional Advice:
Consult financial advisors or business mentors to identify the best funding solution.

Unlock Your Best Assets

Secured loans can provide small businesses and SMEs with more substantial funding at lower interest rates. Comparing different secured loan options can help save money and helps you ensure you choose the best solution for your business needs.

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