Secured finance

Accredo only offers secured loans, i.e. facilities where the borrower, along with a promise to repay, puts up an asset as security. Typically the asset is a property.

The value of the property minus the amount already borrowed against it is known as ‘equity’. The equity available will affect the amount that can be borrowed. Security over a property is taken by way of a ‘charge’ against it.

This type of loan is commonly used for debt consolidation, short-term cash injections and for businesses with poor credit or no (or limited) trading history. We welcome proposals from limited companies, sole traders and partnerships, and are happy to consider new-starts as well as established companies, and those with difficult credit histories.

At Accredo we offer commercial loans to any business type for any commercial purpose. For us, a loan facility must be secured against UK property and we are happy to consider residential, commercial, mixed-use and even buy-to-let property. Land may also be taken into consideration but only when attached to a property.

We can lend up to 70% of the available equity and will consider 1st, 2nd, 3rd and even 4th charges where the equity is available. We lend from £25,000 to £1,000,000 for any commercial purpose with repayment terms from 3 months to 10 years, and can offer fixed repayments or flexible terms such as seasonal payments, payment holidays and interest-only to suit your clients’ business plans and needs.