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 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, deferred payments and interest-only to suit your clients’ business plans and needs.