Services – Small Business Loans » Secured Business Loans

Secured Business
Loans

If you are looking to borrow money and you are in the position to provide collateral,
then a secured small business loan could be the best option for you. Forms of security
include but are not limited to residential or commercial property, vehicles, machinery,
or other equipment. The application process for a secure loan is fast and straightforward,
as long as the business can provide security against the loan.

Secured Business Loans

Up to $500k
From 3 to 60-month term
Used for any business need
Same day funding
Weekly, fortnightly or in some cases monthly repayments
Interest rate lower than an unsecured business loan

Please fill out the contact form. One of our experienced finance brokers will get in touch with you to discuss your needs query.

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Is a secured business loan better than an unsecured business loan?

Traditionally secured small business loan lenders offer lower interest rates than an alternative lender which only provides unsecured small business loans. It is hard to say if one option is better than the other because it all depends on the borrower situation and needs. The main difference between these two forms of finance is that with secured small business loans, it is necessary to put down security against the loan. When a borrower applies for an unsecured small business loan, to get access to the funding, it is not needed to provide an asset or property as collateral. Therefore, these two types of financial products provide a different level of risk.

Unsecured small business loans have a higher interest rate but an easier application process and less lending criteria to meet. Secured small business loans, having a lower risk, allow lenders to provide a lower interest rate but a stricter application process with more eligibility criteria that borrowers need to satisfy. The benefit of using an unsecured small business loan is that a business does not require to put down assets as security. However, unsecured small business loans are of a smaller value and offer higher interest rates than a secured small business loans due to the risk to lenders.

Are you eligible for an secured business loan?

At Sure Capital, our experienced staff discuss with our clients their needs and assess if they qualify for a secured small business loan. Eligibility criteria change from lender to lender. At Sure Capital, we work with our clients’ best interest in mind, and we connect them with the lenders from our experience, we know that can offer the best deal.

GET STARTED NOW

(Totally free process – ask about our pre-approvals with no credit checks)
or Call us now at

1300 198 514

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What is the timeframe to repay a secured business loan?

The nature of a secured business loan is a long-term loan. At Sure Capital, we have partnerships with over 50 lenders that offer credit up to 15 years, and it is possible to negotiate the repayments amount and terms. A secured business loan usually has longer repayment terms than unsecured business loans.

What is the advantage of a secured business loan?

Many small Australian businesses often cannot provide any collateral when borrowing money. Therefore unsecured business loans are prevalent because in case of repayments cannot be made, and the lender cannot claim the business’ assets. However, interest rates can be very high. The reason why secured business loans are desirable is the low-interest rate charged by the lender (traditionally a bank). The lower interest rate comes with the opportunity to schedule the repayments for a longer time than an unsecured business loan. The lender is willing to offer more favourable conditions on the basis that the loan is less risky when it is secured to an asset. The lender in case of default can recover potential losses by taking possession of the asset.

SEE IF YOU QUALIFY

(Totally free process – ask about our pre-approvals with no credit checks)
or Call us now 1300 198 514

Any Other Benefits of Secured Business Loans

Relatively low-interest rates

This is one of the significant advantages of taking a secure business loan. The collateral offered by the borrower gives a high level of security to the lender, and this is why they can offer lower rates. However, in the case of defaults, the lender can take possession of the asset.

Quick and easy application process

Unlike other business loan products, the application process for a secured business loan is fast and straightforward as it is much less risky for the lender.

Fast access to the funds usually 24-hours

Secured business loans can be approved quickly as long as the borrower meets the eligibility criteria.

Longer repayment terms

As the loan is secured and less risky, the lender offers the opportunity to long term repayments up to 15 years.

Higher loan amounts

Again, considering the loan is less risk, the lender is willing to fund a higher amount of money at a lower cost to eligible borrowers.

When considering a secured business loan, it is also important that borrowers understand the cons

Using an asset as collateral: to get access to the loan, an asset (residential or commercial property, vehicle, equipment) must be nominated as security.
The asset could be lost in the case of default: if the repayment of the debt will not be successful, the chance to lose the asset is very high. If the asset is primary for the business activity (machinery or specific equipment) that operation of the business could be seriously put at risk.

Many small Australian businesses prefer not to proceed with a secured business loan because they can see their activity put at risk in the case they are going to have problem with the repayments.

How to apply for an secured business loan?

At Sure Capital, we have developed a one to one approach that allows us in 99% of the cases to get the money in our clients’ bank account within 1 day from the application. With our network of 50+ business loan providers, we open credit opportunities for your business.

We help you through the process, and we put you in contact with the lender that offers the type and size of business loan that meet your needs. Our partners assist eligible small businesses with secured business loans.

Sure Capital is the preferred and trusted finance broker for hundreds of small and medium local businesses in Australia. It all starts with an enquiry. Call us 1300 198 514 or click on “see if you qualify” and we call you back to see if you qualify for a secured business loan.