Unsecured borrowing for Business Expansion

18 Apr 2020

Unsecured borrowing for Business Expansion

Expanding Your Business Through Unsecured Lending

Here at Revolution Finance Brokers, we help business clients secure expansion lending of up to £10m, even when security is not available.

The Difference Between Secured & Unsecured

Secured Business Loans: Secured lending uses an existing asset as security, which can be called in should the loan not be repaid. This could involve the repossession of a property and is a more attractive option to lenders due to the mitigation of risk.
Unsecured Business Loans: Unsecured lending does not carry such a charge. By way of alternative security, the lender might take out a debenture against the company and all of its current assets however the business remains fully liable for the loan balance.
 

Our lending team works with lenders who support SMEs across the UK with business expansion opportunities and can offer to lend up to £10m against flexible terms. As described, the security provided is in the form of a debenture held over the company rather than security against personal property.

Expansion plans that can be financed:

 

If this sounds like the ideal funding option for you, please give us a call today!

To get us started, we will need some initial information including:

  • Full business accounts for the last three years
  • A statement of the business assets and liabilities
  • Business bank statements for the last six months

Contact us now to discuss your personal options, Revolution Finance Brokers specialise in commercial and residential finance in Essex, Kent, London and Hertfordshire.

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Almas Uddin

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FCA disclaimer

The content included in our articles, blogs, web pages and news publications is based on information accurate at the time of writing. Note that policies and criteria can change regularly throughout the UK mortgage lending market, and it remains essential to contact the consultation team to receive up to date guidance. The information included on the Revolution Brokers site is not bespoke to any circumstances or individual application scenarios and therefore is not intended to be used as financial advice. The content we share is designed to be informative and helpful but cannot be relied upon to provide individual advice relevant to your mortgage requirements. All Revolution team members are fully qualified, trained and experienced to provide mortgage advice of an independent nature. We collaborate with lenders and providers who are regulated, authorised and registered with the Financial Conduct Authority (FCA). Should you require specific mortgage borrowing types, some products such as buy to let mortgages may not be FCA regulated. The Revolution team can provide further information about regulated and unregulated lending as required. Please remember that a mortgage is a debt which is secured against your home or property. Your home can be at risk of repossession if you do not keep up with the repayments or encounter any other difficulties in managing your mortgage borrowing responsibly. This also applies to any remortgage or home loan secured against your property, including equity release products.