Secured Business Loans in Melbourne

With access to a vast network of over 40 reputable lenders, we specialise in finding a BETTER loan match for your specific business profile. Whether you need substantial capital for expansion or simply want to seize a growth opportunity, we’ve got you covered.

Secured business loans: Building a strong financial foundation

In the realm of business, securing the necessary financial resources can be a game-changer. Whether you’re planning to expand, invest in new equipment, or optimise your cash flow, having access to the right funding is vital. Secured business loans, known for their reliability and flexibility, emerge as a powerful financing option. Let’s explore the world of secured business loans, delving into their inner workings, highlighting key features, and demonstrating how Better Money can help you secure your business’s future.

Introduction to secured business loans

Secured business loans are a form of financing where borrowers provide collateral, such as assets or property, as security for the loan. This collateral reduces the lender’s risk, making it a more secure form of lending and ultimately resulting in a lower interest rate.

The advantages of secured business loans

Secured business loans come with several benefits:

Higher borrowing limits: Collateral allows for larger loan amounts.
Lower interest rates: Reduced risk for lenders often leads to lower interest rates.
Longer repayment terms: Enjoy extended timeframes for repayment.

Why choose Better Money for secured business loans

At Better Money, we believe that securing the right loan is pivotal for your business’s growth. Here’s why we stand out as your preferred financial partner:

Easy 90 Second Online Application:

Our user-friendly application process is designed to save you time and hassle, with a quick online form that takes just 90 seconds to complete.

No Impact on Your Credit File:

Worried about the impact of a credit check? With Better Money, your credit file remains untouched during the initial application, safeguarding your credit score.

Access to a Diverse Panel of Over 40 Lenders:

We leverage our extensive network of lenders to match you with the most suitable financing options, ensuring you always get a BETTER option.

By choosing Better Money for your secured business loans, you’re making a smart investment in your business’s future.

How secured business loans work

Secured business loans operate on a simple principle. Borrowers pledge collateral, which the lender can claim if the borrower defaults on the loan. The presence of collateral reassures lenders and can lead to more favourable loan terms.

Key features and benefits

Secured business loans come with distinctive features:

Loan Amounts: Generally, these loans offer higher borrowing limits due to collateral.
Loan Terms: Longer repayment periods can be negotiated.
Interest Rates: Interest rates tend to be lower compared to unsecured loans.

Businesses can reap several benefits from opting for secured business loans:

Access to substantial funding for large projects or investments.
Lower interest rates reduce the overall cost of borrowing.
Longer repayment terms result in more manageable monthly payments.

Common uses of unsecured businesloans

Versatile financing for your business goals

Secured business loans can be used for a wide range of purposes, including:

Expansion: Secure funds to expand your operations, open new branches, or enter new markets.
Equipment purchase: Invest in new machinery, technology, or tools to enhance productivity.
Working capital: Ensure a healthy cash flow and cover operational expenses.
Debt consolidation: Combine multiple debts into one manageable loan with a lower interest rate.

The versatility of secured business loans makes them a valuable asset in achieving your business objectives.

Eligibility Criteria

Who qualifies for secured business loans?

While eligibility criteria can vary among lenders, common requirements for secured business loans may include:

Ownership of valuable collateral.
A minimum business operating history (Usually at least six months).
Proof of business ownership and registration.
The business owner being over 18 years old.

Better Money can guide you through the eligibility process, helping you understand and meet the criteria set by our network of over 40 lenders.

Application Process

A seamless application journey

Applying for a secured business loan with Better Money is straightforward:

Start by completing our user-friendly online 90 sec application.
Our team reviews your information and matches you with suitable lenders from our extensive panel.
You receive loan offers, including terms and rates, for your consideration.
Choose the BETTER offer that aligns best with your business goals and accept it.
Once accepted, funds are promptly deposited into your business account.

We handle it, so you can get on with it!

Secured business loans offer a reliable and flexible financing option for businesses looking to achieve their goals. Better Money is committed to simplifying the application process, offering expert guidance, and connecting you with a diverse network of lenders. Make the smart choice for your business’s financial foundation with Better Money.

Call 1300 664 681