Frequently Asked Questions
Can I use my investment / BTL property as security?
Yes. You can use your home or a buy to let property as security for the guarantee provided against the loan to your business.
Are business loans available for new limited companies?
Yes, loans for new limited companies are available. If you have only just registered your business as a new limited company and are not yet trading, you may qualify for an Equiddy.com start up loan.
What kind of security is acceptable?
In England and Wales, acceptable security includes residential owner-occupied, investment, or semi-commercial properties. The registered proprietor, or owner, of the property provided as security, must be the guarantor or borrower. FinSec can typically provide a second mortgage or, in some situations, a third mortgage where there is already a second mortgage.
What kinds of companies are eligible for a secured business loan?
Any limited company or limited liability partnership, even if shareholders, or other stakeholders are ready to enter a personal guarantee secured against their property, or, in some circumstances, when the business possesses property, use it as security.
Are unsecured loans available?
No, all loans will be secured by a mortgage over property located in England and Wales, FinSec can accept residential owner-occupied, investment, or semi-commercial property. If you are hesitant to borrow against your home, a business loan can be secured against a buy-to-let property, second home, semi-commercial property, or other investment property.