secured Business Loans
Secured Business Funding is secured against a suitable property, this lending is not secured against the business assets and can be over a longer term to suit the business needs.
Aureum Finance provides secured business loans that enable companies to secure funding by using fixed assets such as property. With higher value assets like property, lenders can offer larger loan amounts compared to unsecured loans. The use of assets as security also reduces the need for stringent personal credit checks and does not necessarily require the business to be profitable. The LTV offered by a lender is usually determined by their opinion of risk and how saleable the property would be.
One important consideration with secured loans is the loan-to-value (LTV) ratio, which represents the value of the loan against the available collateral. The LTV offered by a lender is usually determined the priority of their charge on the property. Typically, lenders offer higher LTVs when they have the first charge on the property, while subsequent charges result in lower LTVs.
Business Finance Options
When you work with Aureum Finance you will benefit from a team that holds decades of lending experience. We are here to help you find the best solution for your funding requirements.
