What are secured business loans?

Secured business loans are loans against which an item of security or collateral has been pledged to the lender as a back-up in the event of default. There are lots of different security options including a mortgage over land or property, a charge over an asset e.g. a car or other valuable item, and a charge over all the assets of your business (called a debenture). A personal guarantee is also a form of security. Lenders differ over whether they term a personal guarantee as security or not, but there should be no doubt in your mind that it is security and the lender will have the power to pursue you and your personal assets in the event that the primary debtor, for example your business, defaults.

Talk to us about how to find the most favourable secured business loans for your business.

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