Secured Business Loans - ABN Finance
Our expertise provides operators with the edge in securing the best rates, terms and repayment schedules. Facilitating getting quick approval for individually tailored solutions to meet specific objectives and support the operation achieve its ROI, growth and financial targets.
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Use Assets as Collateral, Get Better Rates on Secured Business Finance
Ease the pressure of acquiring affordable funding by using the assets being financed to secure credit. Avoid having to be asset-rich to get approved for cost-effective funding. Secure better interest rates, borrow the full purchase price of many assets. More easily acquire the vehicles, trucks and equipment needed to boost your business operation. Our simple format secured business financing options provide operators with extensive advantages in acquiring workable, cost-effective funding for many purchases.
The commercial lender market for this widely used and extremely popular type of credit facility is highly competitive. Utilising our services with our vast lender connections, provides operators with direct access to the most competitive rates and the opportunity to secure a more tailored funding outcome. Discuss your individual requirements with one of our brokers or simply request a quick quote and see how competitive we are in the secured business loan market.
Full Selection of Secured Business Loan Products
As specialists in commercial lending, we provide operators with a complete portfolio of secured business loan products. To acquire assets, businesses can select the most suitable facility from Chattel Mortgage, Lease, Rent-to-Own and Hire Purchase. For non-asset requirements, we provide versatile secured business loans which may suit many purposes. Request a quote on your preferred credit facility for a fast response and individually sourced solution.
- Chattel Mortgage Secured Finance
- Asset Lease
- Secured Commercial Hire Purchase
- Rent-to-Own Loans Secured
- Versatile Secured Business Loan
Secured Business Finance guides and resources
Our guides offer quick comparisons and simple explainers to help you rise above the financing process with confidence.
Specialised Business Finance
Business Car Finance
What is Secured Business Finance?
A secured business loan is commercial credit where the funds being borrowed are guaranteed by collateral or security. Typically, the goods being financed are used as the collateral for the loan. Many businesses are not required to offer additional collateral to get approved for this type of credit facility, especially for new goods.
New goods are generally easily approved as suitable collateral and as the sole form of loan guarantee. Second-hand goods need to be assessed by lenders as acceptable. The types of collateral which can be used to guarantee a commercial loan include cars, motor vehicles, trucks, heavy vehicles, and a wide range of plant, machinery and equipment.
In accepting assets as suitable security, lenders will be looking for collateral that can be repossessed and sold to recoup the funds outstanding on the loan if required. In accepting the goods as collateral, the lender makes a claim on the goods. Allowing them to repossess the assets should the borrower default on the loan.
Where secured funding is required for non-asset purchases and purposes, assets owned by the business or its principals, may be offered as collateral. These may include artwork, jewelry, real estate property, equipment, vehicles and other assets. Verifiable valuations can typically be requested where the asset is not the goods being financed.
With the funding secured with collateral, lenders can have greater confidence to approve better interest rates, higher borrowing limits and no deposit funding. To apply for secured business finance contact us online or by phone.
- Use goods being financed as loan collateral.
- Available for new and good quality used goods.
- No additional collateral required for many businesses.
- Higher borrowing limits, better rates.
- Flexible secured format funding.
We work harder to secure the best rates.
Secured Business Finance FAQs
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Used equipment would need to be approved as acceptable collateral for secured funding. Many good quality second-hand machines can be approved for secured funding.
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Collateral is the security or guarantee provided by borrowers to get approved for a loan. Collateral may be goods such as vehicles, boats, equipment, trucks, and other items of value, or real estate property.
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Where a borrower chooses to sell a vehicle under finance prior to the end of a loan term, where the vehicle is collateral for the loan, they will need to finalise the balance owed on the finance. Typically, borrowers will finalise the outstanding amount on the loan with the proceeds of the sale. When the loan is paid out, the lender releases any claim to vehicle.
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The reference to ‘secured’ with secured commercial funding is the security or collateral provided by the borrower. The loan is considered to be ‘secured’ by the assets available for the lender to repossess if the borrower defaults on the loan.
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Collateral requirements for secured funding are subject to individual assessment of the loan to value ratio by lenders. Lenders assess the value of the collateral offered in relation to the amount requested.
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Secured loans for asset purchases include Hire Purchase, Lease, Chattel Mortgage and Rent-to-Own. Secured business loans are available for some non-asset purchases and purposes where backed by other assets owned by the business or its principals.
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With the lender having the truck being funded as the guarantee for the loan, funding without a deposit may be approved. No deposit financing is typically available on new vehicles but is subject to meeting lender criteria with strong financials and good credit.
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Asset acquisition finance are loans to fund the purchase of business assets such as motor vehicles, cars, trucks, commercial boats, plant, machinery and equipment. The types of asset acquisition loans are Lease, Rent-to-Own, Chattel Mortgage and Commercial Hire Purchase.
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Secured funding uses goods as the collateral for the funds being borrowed. The collateral is a guarantee for the lender that have an asset they may repossess and sell to recoup funds owed if required. Unsecured funding does not require collateral.
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Yes. All commercial enterprises that have an ABN and ID can be eligible to apply for commercial funding. Approval is subject to individual lender guidelines and meeting criteria.