Secured Business Loans

Your assets are more powerful than you think. Use your property, equipment, or vehicles to secure larger loans at rates that make sense for your business.

Larger loans. Longer terms. Lower rates.

If your business owns property, equipment, or vehicles, you can access larger loan amounts at lower interest rates by using them as security. Secured business loans offer competitive rates 3-5% below unsecured options, with longer repayment terms that give your cash flow breathing room.

They take a little longer to arrange, but the payoff is flexibility, scale, and affordability. Whether you’re refinancing, investing in growth, or making a major purchase, we’ll help you navigate the process and secure funding that supports your next step.

What is a secured business loan?

A secured business loan is funding backed by an asset – like property, vehicles, or equipment – used as collateral. This setup lowers the risk for lenders, often resulting in lower interest rates, longer repayment terms, and the ability to borrow more than you could with an unsecured loan.

In short, if your business has assets to leverage, a secured loan opens the door to more affordable and scalable finance. It’s commonly used for larger investments, business expansion, equipment purchases, or refinancing existing debt.

Lenders typically assess the value of the asset you’re securing the loan against, alongside your credit profile and trading history. Accepted collateral can include:

  • Commercial property (owned outright or mortgaged).
  • Business equipment and machinery.
  • Vehicles or fleets.
  • Inventory or invoices (in some cases).

Secured business loans in the UK can take a little longer to arrange than unsecured loans. That’s because lenders may need formal valuations and additional legal checks. But for many business owners, the payoff is lower rates and longer-term financial breathing room.

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Unsecured vs secured lending

The key difference between secured and unsecured business loans comes down to collateral.

A secured business loan is backed by an asset-like property, vehicles, or equipment, which acts as security for the lender. Because there’s less risk involved, you’ll usually get lower interest rates, larger loan amounts, and longer repayment terms. However, it can take longer to arrange, and your asset may be at risk if you’re unable to meet repayments.

Unsecured loans, by contrast, don’t require any collateral. They’re typically quicker to arrange, with less paperwork and fewer checks. This makes them a practical choice if you don’t own valuable assets or want to keep them separate from your borrowing. However, interest rates may be slightly higher, and approval often depends more heavily on your business’s trading history and credit profile.

Learn more in our secured vs unsecured business loans guide.

Get help choosing the right loan

Is a secured loan right for my business?

A secured business loan could be a great fit if you’re planning a larger investment and have assets you’re willing to use as collateral. These loans are designed for businesses that want long-term funding, lower rates, and greater borrowing power.

You might consider a secured loan if:

  • You need to borrow a larger sum.
  • You want lower interest rates and longer repayment terms.
  • You’re happy to use property, vehicles or equipment as security.
  • You’re looking to refinance existing debt more affordably.
  • You’re investing in long-term growth, like purchasing new premises or major equipment.

That said, secured loans take longer to arrange than unsecured options. You’ll also need to be comfortable with the idea that the asset you secure the loan against could be at risk if repayments aren’t met.

Find out what you could borrow

How to apply

Applying for a secured business loan is straightforward, and we’re here to guide you every step of the way.

Start by checking your eligibility online. It only takes a few minutes, and it won’t affect your credit score. We’ll ask a few questions about your business and the asset you’d like to use as security. From there, we’ll match you with lenders who offer terms that work for your business.

If you decide to go ahead, we’ll support you through the full application process, including any valuations, documentation, and legal checks, so you can secure funding with confidence.

Check your funding options
Nathan
TrustPilot Review
I used Greenwood Capital to release equity from one of my properties so my company could refurbish another and boost our letting income. Frazer and the team were excellent - clear, concise, and quick from start to finish.
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Frequently asked questions

We’ve answered some of the most common questions below, from how quickly we can fund to what kind of businesses we support.

  • Are secured loans hard to get?

    Secured business loans are not necessarily hard to get, but approval depends on your business profile and the asset you’re offering as security. If your business owns property, equipment, or vehicles with sufficient value, you may find it easier to get approved than with an unsecured loan. The process can take longer due to valuations and legal checks, but lenders tend to offer more flexible terms in return.

  • Is a secured loan cheaper than a personal loan?

    Yes, a secured loan is often cheaper than a personal loan. Because secured loans are backed by assets like property or equipment, lenders face less risk and can offer lower interest rates and longer repayment terms. If you're looking to borrow a larger amount or reduce your monthly repayments, a secured business loan can be more cost-effective than a standard personal loan.

  • Do secured loans affect your credit score?

    Checking your eligibility for a secured loan won’t impact your credit score, as we only run a soft search. If you go ahead with a full application, the lender may carry out a hard credit check, which could temporarily affect your score. Greenwood Capital lets you explore your options with no obligation and no initial impact on your credit.

Turn assets into funding.

Your assets deserve to work harder for your business. Contact our specialists today to explore secured loan options that offer larger amounts at lower rates. Apply above or get in touch now.

Let’s secure the right deal for you