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Unsecured borrowing for Business Expansion
18 Apr 2020 | Almas Uddin
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:
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Property acquisitions
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Premises refurbishments
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Cashflow requirements
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Business restructuring
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:
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Full business accounts for the last three years
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A statement of the business assets and liabilities
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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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