Secured Business Loans

The higher your assets are, bigger the loan will be offered to you. Beta Energy Direct has several of the top lenders which are looking to support your business’s growth. You can apply for a secured business loan within minutes and have your loan within the next 48 hours.

Contents:

  1. How does Secured Business Loan work?

  2. What you need to know about Secured Business Loans

  3. Is my Business eligible for Secured Business Loans?

  4. Why should you choose Beta Energy Direct? 

  5. You Should Know the Answers to these questions! 

  6. Secured Business Loans VS Unsecured Business Loans

  7. Advantges of Secured Business Loans

  8. Secured Loan | A Best Option

  9. Frequently Asked Questions

If you are looking for a loan as a source of capital, apply now for a collateral loan. To get a loan secured, you have to use property as collateral. You cannot repay the loan within the timeframe specified instead of paying by installments, the lenders can come to your asset/home. It is usually to ensure that the borrower will repay the loan after selling the property to recovery their lost loan. Repayment does not mean to pay off the loan completely.

How it Works!

Small-ourprise and startups find a loan helpful because they can secure the loan by using personal or professional assets to guarantee money. Beta Energy Direct provides a company with a loan, and it must repay the loan over a certain period of time, or the lender will demand access to the business’ assets. The loan rate is typically lower than the rate of regular finance, and there can be a fee charged for obtaining it. So, to obtain a secured loan, simply complete the three Steps here and you will receive your loan within the next 24 to 48 hours.

Step One

Apply

Apply for the Business Finance now and get a quote in less than 2 minutes.

Step 2

Approve

Get an instant financial plan and sign the credit application.

Step 3

Receive

Receive the money within next 24 – 48 hours.

Get A Free Quote

Is my Business eligible for Secured Business Loans?

Beta Energy Direct acts as a peer to peer lender, which makes the process for getting a loan much simpler and faster than with any bank. It saves you from the long paperwork, tiring appointments and cumbersome process of an application with a bank. If you are looking forward to get the loan, read below the eligibility criteria, apply for a loan now. Read below the eligibility criteria and apply for a secured business loan now to grow your business.

  • You must be an owner or partner of the company.
  • Your business must be based in the UK.   
  • Your asset or property must worth at least same as of loan amount you required. 


Why should you choose Beta Energy Direct? 

At Beta Energy Direct, we aim to provide customers with easy and quick access to secured Business loans and microfinance services. Our process is convenient and flexible. We encourage our customers to grow and help them accomplish their goals. There are following reason due to which you should choose Beta Energy direct:
  • There are no limitations on how the money can be used.
  • A larger lending range, starting at £25,000 to £500,000.
  • Opposed to unsecured loans, secured loans have lower interest rates.
  • Loan payback terms of up to 15 years are possible.
  • For companies that couldn’t acquire unsecured loans, collateral makes it easier to get a loan.

Advantages of Secured Business Loan

Secured Business Loans have certain important advantages over loans that are unsecured. The benefits and drawbacks of secured business loans are as follows:

  • Due to the presence of collateral, you can browse around for the lowest rates if you have a consistent income, considerable assets, and a clean credit history.
  • As the lender is taking less risk with a secured loan, you can get a much greater loan amount. The loan amount increases with the value and accessibility of your asset.
  • Better terms for repayment are typically included with secured loans, enabling borrowers to spread out loan payments over several years.
  • Easier to acquire even with bad credit.
  •  Lenders are more ready to extend a loan because secured loans depend on collateral.

Secured Business Loan | A Best Option

If you want to buy inventory or don’t have the finest credit, a secured loan might be the best option. If you don’t already own any other property, you can use the piece of real estate you are buying as collateral. Additionally, even if you have bad credit, you may still get this loan, and it might even be more advantageous with lower interest rates.

Get A Free Quote

Frequently Asked Questions


  • How do I know if the collateral is sufficient?
The current market value of the property/asset, as determined by the lender, must be equivalent to or greater than the business loan you request.

  • Is it mandatory to provide property as a collateral?
Collateral usually includes land and property but can also include equipment, machinery, stock, raw material, and other things as well. Different lenders may have varied preferences in preference for collateral depending on the type of business you are running. 

  • What is the secured business loan interest rate?
Secured business loan rate is comparatively lower than other business loan types. The rate is primarily negotiated between you and your lender and it can go from 4% up to 13% depending upon the loan amount you choose. 

  • Is secured business loan applicable for startups?
Yes, secured business loans are applicable for startups. As far as startups are up for pegging their property or any other asset, they can apply for the startup business loan here.

  • If repayments are not made on time, does the lender take over all the proceedings from the sale of the collateral?
If you borrow money to buy an inventory or to solve your business’s cashflow problems and couldn’t pay it back on time, then the lender will only keep the money you owe toward the loan repayment.

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