Business Loans

Secured business finance – an alternative to business loans

Business loans and overdrafts are not as accessible as they used to be. This is true for all businesses but especially for firms that are looking for business finance for the first time. Even the trusty overdraft can no longer be counted on for a cash flow boost while there is a danger of banks recalling credit or refusing to renew a facility.

Loans that are secured against an asset, however, are an ideal source of finance. Lenders tend to prefer offering loans on a secured basis because it protects them from default or non-payment.

If you can borrow against your invoices, your property or other assets you will have a means of balancing your cash flow into the future and gaining valuable funds for growth.

Find the right finance for your business

Finding the right finance for your business is never easy, especially with all the options available. Simply complete the following questions and find out which options are available to you.

How old is your company?

Projected turnover for the next 12 months?*

Are your customers mainly consumers or businesses?*

Your financing options

Based on the information you provided, your business could be suitable for the following finance options:

Factoring

Factoring is a form of cashflow funding, allowing you to instantly release up to 90% of the value of your unpaid invoices.

Invoice Discounting

Typically used by large organisations, invoice discounting is a form of cashflow funding allowing customers to release the cash tied up in unpaid invoices.

Your financing options

Based on the information you provided, your business could be suitable for the following finance options:

Commercial Mortgage

Typically used to buy buildings and/or land for business purposes. A commercial mortgage can also be used to re-mortgage an existing property or develop an existing one.

Asset Finance

Typically used to purchase or lease business assets, such as vehicles and equipment required to grow your business.

To find the right finance solution for your business please complete the required questions above.

(*) denotes required field

What are your financing options?

With all the options available it can sometimes be difficult to get your head around which finance is right for your business. To make matters worse different types of finance can go by many different names, for example factoring and invoice discounting are both forms of invoice finance. The table below offers a quick overview of the main types of commercial finance and the benefits of each product.

If you are trying to weigh up your financing options try our Finance Wizard above and we'll quickly tell you the products which best match your business.

Funding Type	Description	Type of Security	Key Benefits
Factoring	Factoring is the process of turning your unpaid business invoices into cash. As part of the process a lender will manage your also sales ledger.	Secured on your business invoices	Improved cashflow Improved credit control Optional bad debt protection
Invoice Discounting	Invoice discounting is an alternative way of drawing money against your invoices. However, your business retains control over the administration of your sales ledger.	Secured on your business invoices	Improved cashflow Retain control of your sales ledger Funding grows with your business
Commercial Mortgages	Commercial mortgages are typically used to buy buildings and land for business purposes. The lender holds the legal rights over the business property/land until the loan is fully paid.	Secured on your property or other collateral	Retain ownership Tax advantages Simplified cashflow using agreed payment schedules
Asset Finance	Asset finance is the use of credit or leasing facilities provided by a specialist third party credit or leasing provider to finance the acquisition of assets for your business.	Secured on your assets or other collateral	Spread the cost of new assets Conserve working capital Improved budget management
Trade Finance	Trade finance is used to fulfil confirmed orders, which your business can not fully fund. Trade finance is typically not available for perishable goods or services.	Secured on your assets or other collateral	Improved cashflow for overseas transactions Improved business planning