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Secured Business Loans

How do secured business loans work and is it the right loan solution for your business?

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Our reviews are based on realtime feedback 

Our reviews are based on realtime feedback 

Secured business loans are a way for SMEs to receive an injection of cash by using items owned by a business as security. Because lenders use commercial assets to secure a loan, it means they can lend a lot more when compared to unsecured business loans, which use different criteria, sometimes as much as £2 million. Because lenders user assets to secure the loan, many don’t need to use harder credit checks during the application process.

How do secured business loans work?

Using existing commercial assets such as property, machinery or vehicles, lenders will secure the amount they lend against an item owned by the business as security. This means that if something should go wrong and a business struggles to meet its monthly repayments, the lender can sell the assets in order to recoup the money they’ve lent.

Is a secured business loan right for my business?

Secured business loans allow SMEs to borrow more money across a longer period of time than unsecured loans, providing a great option for businesses looking for medium term funding. The fact they don’t use detailed credit checks makes them a good option for businesses with no or bad credit history.


What are the main pros and cons of a secured business loan?

Pros

    • They are less risk to the lender so often cheaper than unsecured equivalents
    • The more assets you have, the bigger the amount you can potentially borrow
    • No requirement for personal assets to secure funding
    • As the asset is the main focus of the loan, there is less focus on credit history

 

Cons

    • If your business goes through a tricky period and you miss payments, you will lose your assets as the lender will sell them to recoup their losses

  • Have you thought about Invoice Finance as a secured business loan solution for your business?

    Invoice finance allows you to release cash quickly from your unpaid invoices.

    As your lender, we can release up to 90% of your invoices within 24 hours. On payment of the invoice from your customers, we will then release the final amount minus any fees and charges. There are different types of invoice financing options available to businesses depending on the situation and the level of control they require in collecting unpaid invoices.

    We are an invoice financing company who offer a solution whereby payments are collected on your behalf managed by our team of expert credit controllers so you can focus on running your business. Our Confidential Invoice Discounting solution is offered to businesses who want to maintain their own credit control processes, therefore this remains strictly confidential so your customers are unaware of our involvement.

    The benefits of invoice finance companies such as Hitachi Capital
      • Boost your cashflow without having to wait up to 120 days for your customers to pay you
      • An invoice finance company with a revolutionary digital onboarding process, giving you quicker access to funds and the ability to take on new business remotely during this lockdown period
      • Release up to 90% of the invoice straight away, and the final 10% when the invoice is settled
      • No need to chase your invoices, we can do it for you
      • 6 month trial period followed by a rolling contract

Get a quote online or call 0808 250 0859

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We have revolutionised invoice finance with our digital onboarding process


We are an award winning invoice finance company

Best Invoice Finance Service 2021

Highly Commended Factoring Provider 2021

Best Invoice Finance Provider 2020


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Please note that costs are an estimate only and are based on the entered values. Your final quote may change once a Business Development Manager has assessed your business in more detail.

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Why choose Hitachi Capital Invoice Finance as an alternative to a Secured Business Loan

      • A 6 month trial period so you can be sure the product is right for you
      • Followed by a 6 month rolling contract – we don’t tie our clients in for long periods
      • A one fee solution with no hidden fees
      • Award-winning client service by our team of expert Client Managers
      • Our Relationship Management team are in the field to visit you in person
      • We are part of Hitachi Capital (UK) PLC, a company that is going from strength to strength – we’re here for the long term.

Smarter, Faster and Simpler Cashflow Finance with Hitachi Capital

Smarter, Faster and Simpler Cashflow Finance with Hitachi Capital

Smarter, Faster and Simpler Cashflow Finance with Hitachi Capital

Find out how we are revolutionising the way UK SME's access cashflow finance.


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Contact our friendly UK advisors on freephone

0808 250 0859

08.45 - 17.15 Monday to Friday