If you or your business owns property, equipment, or vehicles, you can access larger loans at lower interest rates by using them as security. Secured business loans typically offer lower rates than unsecured options and longer repayment terms, giving your cash flow room to breathe.
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While they can take a little longer to arrange, the benefits include greater flexibility, higher loan amounts, and cost savings. Whether you’re refinancing, funding growth, or making a major investment, Evergreen Capital will guide you through the process and help secure the right finance for your business.
What is a secured business loan?
If your business has assets, a secured loan can give you access to larger amounts of funding at lower interest rates. It’s a practical solution for business growth, major purchases, refinancing, or investing in new equipment.
Lenders typically look at the value of the asset you’re offering, your company’s trading history and credit profile.
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Collateral can include:
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Commercial property, owned or mortgaged
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Directors' property/assets
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Machinery and business equipment
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Vehicles
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Inventory