SECURED BUSINESS FINANCE
Our process
On average our deals take between 3 and 6 weeks, and our team will always work to the borrower’s pace ensuring they receive their loan when their business needs it most.
There are 5 simple steps to obtain a secured commercial loan from Accredo:
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Step 1 – We receive request for finance
We’ll let you know if we’ve accepted the request for finance, discuss any special conditions that may apply and and agree the most suitable term and profile for the borrower.
Step 2 – Initial paperwork is completed
Borrowers then complete our borrower and property owner questionnaires, tell us which solicitor they’ve chosen and authorise us to make contact with their other lenders. They’ll need to make a contribution towards the legal fees and, if applicable, pay the fee for an independent valuation of the property.
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Step 3 – Sit back…
…while we instruct a surveyor to value the property, liaise with other parties and raise any paperwork for signature.
Step 4 – Signing
Borrowers then sign the legal paperwork with their solicitor and return the signed loan paperwork to us.
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Step 5 – Release of funds
Once we’ve received all the signed paperwork / other documents required and confirmed we have everything we need, we’ll release the loan funds to the borrower’s nominated bank account within 24 hours.