As the name suggests, Secured Business Loans are loans backed by a security in any form. Secured Business Loans are mostly popular among new businesses which are yet to start operations or start-up businesses with minimal or no cash flows.
Business loans backed by security can help small businesses get their ideal loan amounts with favourable terms because they are seen as lower risk by lenders.
What makes me eligible for a Secured business loan?
Generally, to be eligible for a secured business loan, you need to
However, there are few secured business loan products where you don’t require to be trading for a minimum period or generating any revenue. In case you are a start-up business or planning to start/buy a business without any trading history or revenue stream, please contact us to discuss your scenario and find the best suited business loan product for you.
Broc Finance is your dependable partner in maximising your company’s financial potential. We understand the critical role that secure and flexible capital plays in driving growth and capturing opportunities in Australia’s evolving business landscape. Our Secured Business Loans are designed to assist Australian entrepreneurs and businesses by providing a solid financial foundation to fuel expansion, manage working capital, and handle unforeseen hurdles.
Broc Finance is here to help your business grow by providing transparency, competitive rates, and personalised solutions. Explore our Secured Business Loans today to gain the peace of mind that comes with knowing your financial future is secure.
Check the lending criteria and loan eligibility of your business.
Submit your application with the required documents. Once you complete your application form. We will get in touch to discuss your business requirements and advise on the documents required.
Once we get all the documents required, we log in to your application with the most-suited lender and get the loan approval.
Borrowing Limits | |
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Loan Amount | Starts from $20k |
Term | Up to 25 years |
Can be used for |
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Repayments | Principal and Interest/ Interest Only/ Bullet repayment |
Security | Required with funding possibilities up to 80% Loan to Value ratio |
Pre-Approval Time | 24 – 48 hours |
Unconditional Approval and Settlement Time | 3-7 days |
Documents required |
|
Interest Rates | Starts from 7.99% p.a. |
Benefits |
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*The information provided in critical information sheet is intended as a guide only. Please contact us for more information
Any business loan product could be a secured business loan, however there are few secured business loan products which are most popular and commonly offered by private lenders within Australian market.
This loan is for businesses which are yet to start trading or generally trading for lesser than 12 months.
This loan is availed by businesses which require to purchase a vehicle or equipment for the business use.
Property loans are taken against the value of the property.
For a start-up, a secured loan can be used to kickstart the business operation of the business and cover any unexpected costs. For an existing business owner, let’s say you have a seasonal business and you require immediate funds to stock goods, you can get a secured business loan to procure your goods and multiply your sales during the peak season.
Discover how a secured business loan can help your company:
When looking for a financing option, you could find yourself drowning in a sea of information online, unsure of which business loan is appropriate for your company. We have collected a list of some flexible business loans that give business finance that is most suited to your needs to save you time.
These loans are apt for small businesses that generally require quick hassle-free funding with the least documentation.
Generally, these loans are for businesses which had a bad credit history in the personal or business credit in the past.
This loan is for businesses which are yet to start trading or generally trading for less than 12 months.
This loan enables self-employed borrowers and small businesses to secure instant cash flow or business capital without the requirement to furnish supporting financial documentation typically needed for loan approval.
The loan amount on secured business loans can mainly depend on the following factors.
The valuation of the real estate property and available equity in the same determines the loan amount for firms that are relatively young and do not have enough cash flow in the business. As a first or second mortgage loan, lenders can often go up to 80% loan to value ratio.
The exit plan is another important consideration in deciding the loan amount, particularly in the case of property loans. Bridging loans, residual stock loans, and construction loans are typically issued for a shorter term of 3-24 months, with the option to capitalise the interest and make a lump sum repayment at the end of the term. In order to authorise the maximum amount, lenders must have a sound exit strategy from the borrower.
Some secured business loans, though backed by security, need to showcase adequate financial strength and serviceability in order to get a higher loan amount.
Broc Finance believes every company has unique strengths on its own and we are here to help you present them effectively to the lenders so that you are able to secure the business loan you need.
For a start-up, a secured loan can be used to kickstart the business operation of the business and cover any unexpected cost.
For an existing business owner, let’s say if you have a seasonal business and you require immediate funds to stock goods, you can get a secured business loan to procure your goods and multiply your sales during the peak season. Some of the other purposes for which a Secured business loan can be used is listed below.
Secured business loans in Australia are a versatile and practical financing solution for a wide range of businesses. Whether you’re an established business looking to expand or a new venture seeking initial funding, these loans offer a solid foundation to grow and succeed. With tailored options and expert guidance from lenders like Broc Finance, securing the right business loan for your needs is more accessible than ever.
The most accepted security by the lenders is a real estate property in the name of the company or the business owner/stakeholder. A few lenders also accept some other assets such as vehicles, commercial equipment, savings in the form of fixed or term deposits or gold as a security.
You are not permitted to sell the assets you pledged as a security without getting approval from the lender. In most of the cases, a lender would only allow it to sell if the security is replaced by some other form of security, or in rare instances, they consider the loan can be converted into an unsecured business loan which can be due to reduction in overall risk associated with the business.
With a secured business loan, your option broadens to qualify for a business loan even if you are a startup or new business. Some of the benefits of getting a secured business loan over an unsecured business loan could be competitive in terms of rate of interest, can get higher loan amount and longer term. You may also qualify for a secured business loan with a bad credit score depending up on lenders’ credit policy and other assessment factors
Traditional Banks do offer secured business loans. However, they maintain a strict screening process for loan applications, especially those applied by small businesses, which makes it a difficult and time-consuming process for a small business owner.
Opposed to Banks, there are various non-bank private lenders and fintech companies who specialize in providing business loans to small businesses. Broc Finance is dedicated to assist small businesses with an easy and streamlined process to obtain a Secured business loan through its panel of non-bank cash flow lending partners with possibilities of financing within 24 hours. Please get in touch to know more.
Lenders are generally more lenient with secured business loans for borrowers with bad credit history as there are assets that they can use as protection. We have tie up with lenders who are happy to look at businesses who had bad credit history in the past but have robust cash flow at present. Please get in touch with us for a free consultation.
At Broc Finance, we endeavour to get the most adequate facility suitable to the business requirements of our clients. In most of the cases logged in through us, we try to get an indicative offer from the lender for our client’s consideration before proceeding with formal application and consent to credit check. This approach helps our clients to avoid unwanted rejections and credit checks which can significantly impact their credit score.
We would be happy to answer, if you have any other questions. Please contact us.
Contact us today and discover how our expertise can help your small business thrive.
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Broc Financial Services Pvt Ltd.
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Credit Representative number 540795 is Authorised under Australian Credit Licence Number 389328