Compare secured business loans

Secured business loans allow you to borrow against your company’s assets, giving your business the capital it needs to thrive.

  • Check terms and repayments
  • Easy to use, fast service that’s offered at no charge
  • Compare secured business loans from leading providers

Compare secured business loans from top providers

You'll only find results from genuine companies. Our data experts check each company before we add them to our comparisons.

EJ Finance
Nationwide Finance
Nest Business Loans
Funding Circle
Think Business Loans

How to compare secured business loans

1

Prepare a business plan

Decide why you are comparing deals for business loans and why you want to borrow the money. Work out how much you need to borrow and how long you'd need to repay. Once you have decided on a secured business loan find the cheapest secured business loan deal by comparing a number of companies.

2

Compare your options

Have a look through the options to find the best secured business loan for your business needs. Terms and repayments can vary between providers so check any conditions attached to the loan then pick a deal that offers the cheapest secured business loan for your business.

3

Apply for the loan

You may be able to get a cheaper business loan by applying online and some lenders and brokers only ever operate digitally, so to make sure you find the best secured business loan deals comparing quotes on the internet is a must. Once you've decided on the provider you want, simply apply.

Secured business loan deals

5 results found, sorted by affiliated products first. How we order our comparisons. Commission earned affects the table's sort order.
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Nationwide Finance Business Loan
Loan amount
£8,000 to £500,000
Loan term
12 months to 60 months
Nationwide Finance Business Loan
Nationwide Finance helps over 50,000 businesses each year get finance. A direct Funder not a broker. Same day decision and funds in 24 hours. Rated Excellent 5* on Trustpilot and Google. No.1 direct funder for new starts and established businesses.
Think carefully before securing debts against your business assets. Your assets may be repossessed if you do not keep up repayments on any debt secured on it.
Funding Circle Business Loan
Loan amount
£10,000 to £500,000
Loan term
24 months to 72 months
Funding Circle Business Loan
To be eligible to apply you need to be based in the UK and have been trading for 2 years.
Think carefully before securing debts against your business assets. Your assets may be repossessed if you do not keep up repayments on any debt secured on it.
If you can be offered a Funding Circle business loan for the same amount on similar or better terms, without requiring a guarantee, you will be. The rate you will get will vary based on your circumstances.
Think Business Loans Business Loan
Loan amount
£50,000 to £1,000,000
Loan term
12 months to 120 months
Think Business Loans Business Loan
Think are authorised and regulated by the FCA. Their tech enabled experts will match your business across 100's of lenders and products to find the option that’s right for you. Their service is rated 5 stars 'Excellent' on Trustpilot.
Think carefully before securing debts against your business assets. Your assets may be repossessed if you do not keep up repayments on any debt secured on it.
Think are a credit broker and not a lender. Minimum turnover is £200,000 with 1 year trading.

Compare another type of business loan

What is a secured business loan?

A secured business loan leverages business assets, such as residential or commercial property, to borrow money.

It's a way to access finance to fund business projects or to help with everyday business expenses.

How secured and unsecured loans work

How do secured business loans work?

Secured business loans work just like any other loan. You borrow the sum your business needs and pay it back over a specific period at a set interest rate.

Understanding the different types of secured business financing

There are several types of secured business loans, including:

Asset-backed finance

Secured business bank loans

Peer-to-peer loans

How different types of business finance work

How much do secured business loans cost?

The cost of a secured business loan varies depending on several factors:

What business assets you can use: work out what you plan to use as collateral, as well as its value

How much your business needs to borrow: try not to borrow more than you need. The amount you can borrow depends on both the collateral assets and your business finances

How long you’ll need to pay back the loan: secured company loans last from just a few months up to five or 10 years. You can set the period when you apply

Secured loan illustration

Here’s an example of how much a secured business loan could cost and the repayments your business would need to make:

Amount borrowed: £100,000 

Collateral: business machinery

Loan term: 10 years

Interest rate: 30% APR

Monthly repayments: £2,383.33

Total cost: £285,999.60

What are the pros and cons of secured business loans?

Pros

  • You may be able to borrow more

  • Longer loan terms are available

  • Sometimes cheaper – but not always

Cons

  • It puts your business assets at risk

  • It can take longer to get a loan

  • You need a suitable asset to apply

How to get the right secured business loan

Compare as many secured loan from as many providers as you can to find the best deal for your business. Be sure to consider other options, too. 

Other more specialist types of secured business lending, like asset finance, work slightly differently, and some lenders also offer unsecured business loans that don’t require your business assets as collateral.

Make sure you find the right fit for your business before applying.

Does my business qualify for a secured business loan?

Your business will have to meet certain lending criteria to qualify for a secured commercial loan. Providers may look at:

  • your business’s minimum annual turnover

  • your trading history

  • your type of business

Before applying, check your business meets all the provider’s criteria to avoid having your application refused.

How do I compare secured business loans?

Produce a shortlist of loans that meet your needs and for which your business qualifies, then look for the cheapest deal.

You can use our comparison above to check the latest secured business loan rates.

Secured business loans FAQs

About our loans comparison

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Why compare loan deals with money.co.uk?

Comparing business loans could save you money. Our multiple award-winning comparison service makes sure you get the lowest rates possible based on your individual circumstances. Our aim is to provide you with the most up-to-date information, as well as useful tools and calculators so to help you make life's most important decisions and take control of your money.

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Last updated: 25 May 2022