Suitable for start-up businesses

Property loan possible up to 80% LVR

New businesses eligible

No minimum trading history required

No upfront credit check required

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What Are Secured Business Loans?

As the name suggests, Secured Business Loans are loans backed by a security in any form. Secured Business Loans are mostly popular among new businesses which are yet to start operations or start-up businesses with minimal or no cash flows.

Business loans backed by security can help small businesses get their ideal loan amounts with favourable terms because they are seen as lower risk by lenders.

What makes me eligible for a Secured business loan?

Generally, to be eligible for a secured business loan, you need to

  • Have an active ABN
  • Must be trading for at least 6 months
  • Average monthly income to be >$5k
  • Have an asset to offer as security

However, there are few secured business loan products where you don’t require to be trading for a minimum period or generating any revenue. In case you are a start-up business or planning to start/buy a business without any trading history or revenue stream, please contact us to discuss your scenario and find the best suited business loan product for you.

Our loan guide

Secured Business Loans

Loan amount

Starts from $20k

Interest rates from

Starts from 7.99% p.a.

Loan term

Up to 25 years

Pre-approval time

24 – 48 hours

Unconditional approval & settlement time

3-7 days

Repayments

Principal and Interest / Interest Only / Bullet repayment

Security

Required with funding possibilities up to 80% Loan to Value ratio

What you need to know

Can be used for

Buying/investing into new business

Buying Equipment

Developing properties

Disposing residual stocks

Other working capital needs

Documents required (low doc approval)

Valid identification proof

Security Details

Exit Strategy

Others depending upon loan product

Documents required (full doc approval)

Start-ups/ new businesses eligible

Can borrow higher amount loans

Bad credit history can be considered

*The information provided in critical information sheet is intended as a guide only. Please contact us for more information.

The Most Popular Secured Business Loans Compared

Any business loan product could be a secured business loan, however there are few secured business loan products which are most popular and commonly offered by private lenders within Australian market.

What you should know about secured business loans

Have questions? Speak to our experts!

Unlocking Growth with Secure Business Loans from Broc Finance

Broc Finance is your dependable partner in maximising your company’s financial potential. We understand the critical role that secure and flexible capital plays in driving growth and capturing opportunities in Australia’s evolving business landscape. Our Secured Business Loans are designed to assist Australian entrepreneurs and businesses by providing a solid financial foundation to fuel expansion, manage working capital, and handle unforeseen hurdles.

Broc Finance is here to help your business grow by providing transparency, competitive rates, and personalised solutions. Explore our Secured Business Loans today to gain the peace of mind that comes with knowing your financial future is secure.

What are the benefits and disadvantages of taking a Secured Business Loan?

Benefits

A start-up or a new business can be funded.

The interest rates can be competitive than unsecured business loan

Have a higher probability of approval.

Increase your loan eligibility amount.

May get a business loan with a slightly weaker credit history as well.

Low doc approvals.

Disadvantages

Need to have security to get a secured business loan.

May not be as quick as an unsecured business loan as the lender needs to lodge a caveat on your security before releasing the funds.

There is a risk of losing your asset on default.

Benefits of Secured Business Loan

For a start-up, a secured loan can be used to kickstart the business operation of the business and cover any unexpected costs. For an existing business owner, let’s say you have a seasonal business and you require immediate funds to stock goods, you can get a secured business loan to procure your goods and multiply your sales during the peak season.

Discover how a secured business loan can help your company:

  • The interest rates for secured business loans can be more competitive than unsecured business loans
  • Have a higher probability of approval
  • Increase your loan eligibility amount
  • May get a business loan with a slightly weaker credit history as well
  • Invest in a new business
  • Expansion into branches or another unit
  • Liquidating Residual stocks
  • Expansion into branches or another unit
  • Purchasing property
  • Meeting Working capital needs
  • Buy stock/Inventory
  • Buy Equipment
  • Paying wages/rent
  • Renovating business premises
  • Paying tax dues
  • Advertising and Marketing

Secured Business Loan Application Assessment

The loan amount on secured business loans can mainly depend on the following factors.

The valuation of the real estate property and available equity in the same determines the loan amount for firms that are relatively young and do not have enough cash flow in the business. As a first or second mortgage loan, lenders can often go up to 80% loan to value ratio.

The exit plan is another important consideration in deciding the loan amount, particularly in the case of property loans. Bridging loans, residual stock loans, and construction loans are typically issued for a shorter term of 3-24 months, with the option to capitalise the interest and make a lump sum repayment at the end of the term. In order to authorise the maximum amount, lenders must have a sound exit strategy from the borrower.

Some secured business loans, though backed by security, need to showcase adequate financial strength and serviceability in order to get a higher loan amount.

Broc Finance believes every company has unique strengths on its own and we are here to help you present them effectively to the lenders so that you are able to secure the business loan you need.

What can you use a Secured Business Loan for?

For a start-up, a secured loan can be used to kickstart the business operation of the business and cover any unexpected cost.

For an existing business owner, let’s say if you have a seasonal business and you require immediate funds to stock goods, you can get a secured business loan to procure your goods and multiply your sales during the peak season. Some of the other purposes for which a Secured business loan can be used is listed below.

  • Invest in a new business
  • Expansion into branches or another unit
  • Purchasing property
  • Meeting Working capital needs
  • Buy stock/Inventory
  • Buy Equipment
  • Paying wages/rent
  • Renovating business premises
  • Paying tax dues
  • Advertising and Marketing
  • Liquidating Residual stocks
  • Construction

Secured Business Loan Application Process

1.

Check your eligibility

Check the basic loan eligibility of your business and complete the application form which takes 60 seconds.

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2.

Submit your application

Once you complete your application form. We get in touch to discuss your business requirement and advice the documents required.

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3.

Get you approved as quick as 24 hrs

Once we get all the documents required, we login your application with the most suited lender and get the loan approval in as low as 24 hours.

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Get pre-approved without any credit checks!

What are the differences between a Secured Business Loan and an Unsecured Business Loan?

Secured

An asset needs to be pledged as collateral.

Generally, no cap on borrowing, the loan amount depends on the value of the asset pledged.

Borrowers are at risk of losing the asset if unable to repay the loan.

Loan terms can be up to 25 years with lower interest rates.

Secured business loan may not be as quick as an unsecured business loan as the lender needs to lodge a caveat on your security before releasing the funds.

Unsecured

No need for security, no risk of losing any asset.

Can borrow up to $500,000 depending on the strength of the business and borrower’s creditworthiness.

Place more risk on lenders, as borrowers have no risk of losing any asset owned.

Loan terms are generally shorter with higher interest rates.

Quick funding possible within 24 hours

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Why choose Broc Finance for business success?

Competitive terms

We work in the best interest of our customers by getting them a business loan on most competitive terms.
- Complex deal structuring and presentation
- Team of qualified chartered accountants, CPA and finance brokers are missing.

Small business specialists

With over 15 years of experience in small business financing, we facilitate customized business financing solutions for small businesses from a suite of 90+ lenders.

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Customer satisfaction

Our client testimonials speak for our service. Please feel free to view our customer reviews.

Clear communication

We understand the essence of time so don’t believe in wasting our customers time by giving false hopes. Transparent and clear communication is in our DNA.

Real results with real people.

Niteesha Nagowah

Niteesha Nagowah

We had an incredible experience working with Saroj from Broc Finance. He is incredibly knowledgeable, responsive, and guided us through the purchase of our company vehicle with expertise. The attention to detail and commitment to finding the best possible options truly set him apart. Highly recommend his services for anyone navigating the complexities of obtaining a finance. Thank you again for outstanding assistance.
vishal srivastava

vishal srivastava

We have used Broc Finance over last 2 years for various business line of credits and vehicle loan. Broc finance have been very professional in this journey. They have understood our needs as business and catered the solutions as per requirement . They look around in market and get one the best financial solution for the business be at vehicle of line of credits . I would strongly recommend the business for there services
Nasir sabiry

Nasir sabiry

Thank you very much in helping me with financing a car SAS. You have been very professional and responsive every time I needed information. Fully recommend to any looking to finance a car.
Ajay Kanumuri

Ajay Kanumuri

I would strongly recommend. Saroj Shah helped to get my loan with in span of three days. He was very supportive and clearly explained the loan process.
Atulkumar Patel

Atulkumar Patel

I don't want to miss this opportunity to say About Saroj Work that he just made it impossible job into possible , I have got loan of 1.5 million event though I have very low credit score . Great work , and highly recommend for any kind of loan issues.
Tajinder Kumar

Tajinder Kumar

For those seeking a trustworthy and dependable financial broker, I would like to recommend Broc Finance. While their fees may be slightly higher compared to other brokers, I found that their personalized approach made it worth it. Broc Finance took the time to understand my specific needs and goals and tailored their services accordingly. Additionally, their prompt availability to answer any questions or concerns was greatly appreciated. Overall, if you're in search of comprehensive and professional financial advice, Broc Finance is an excellent option to consider.
Scott Filby

Scott Filby

Excellent experience with the service of Saroj! He did all the hard work and helped me find what I required. Saroj offered excellent suggestions and went the extra mile with his advice, which won my respect and helped in achieving the outcome required.
Mai Yang

Mai Yang

Absolutely wonderful service! Saroj was amazing with keeping us up to date with our loan application which was approved quickly without any hassle. I would definitely recommend Broc Finance!

Have questions? Talk to a specialist!

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Frequently asked questions

Applying for a secured business loan is similar to applying for other business loans. You need to enter some basis details regarding your business and submit documents as required. However, you need to carefully pick the lender who can meet your business financing requirements, are ready to use your asset as a security and can offer competitive pricing. We at Broc Finance can help you with that, you can simply apply through our website or send us a message to contact you or simply give us a call on 1300 253 041 to talk to one of our lending specialists.

The most accepted security by the lenders is a real estate property in the name of the company or the business owner/stakeholder. A few lenders also accept some other assets such as vehicles, commercial equipment, savings in the form of fixed or term deposits or gold as a security.

You are not permitted to sell the assets you pledged as a security without getting approval from the lender. In most of the cases, a lender would only allow it to sell if the security is replaced by some other form of security, or in rare instances, they consider the loan can be converted into an unsecured business loan which can be due to reduction in overall risk associated with the business.

To be eligible for a secured business loan, you need an active ABN and not necessarily be trading. The lenders access the loan eligibility basis valuation of the property and sanction a loan amount up to 80% LVR. In case you have any scenario to discuss, please reach out to us on 1300 253 041 or send us a message. One of our lending specialists would get in touch in no time to assist you

With a secured business loan, your option broadens to qualify for a business loan even if you are a startup or new business. Some of the benefits of getting a secured business loan over an unsecured business loan could be competitive in terms of rate of interest, can get higher loan amount and longer term. You may also qualify for a secured business loan with a bad credit score depending up on lenders’ credit policy and other assessment factors

There are various alternative business loan options which do not require you to be an asset owner. Some of the popular options are unsecured business loan, business line of credit, debtors finance and invoice finance facilities. Please reach out to us on 1300 253 041 or send us a message. One of our lending specialists would get in touch in no time to assist you.

Traditional Banks do offer secured business loans. However, they maintain a strict screening process for loan applications, especially those applied by small businesses, which makes it a difficult and time-consuming process for a small business owner.

Opposed to Banks, there are various non-bank private lenders and fintech companies who specialize in providing business loans to small businesses. Broc Finance is dedicated to assist small businesses with an easy and streamlined process to obtain a Secured business loan through its panel of non-bank cash flow lending partners with possibilities of financing within 24 hours. Please get in touch to know more.

Lenders are generally more lenient with secured business loans for borrowers with bad credit history as there are assets that they can use as protection. We have tie up with lenders who are happy to look at businesses who had bad credit history in the past but have robust cash flow at present. Please get in touch with us for a free consultation.

At Broc Finance, we endeavour to get the most adequate facility suitable to the business requirements of our clients. In most of the cases logged in through us, we try to get an indicative offer from the lender for our client’s consideration before proceeding with formal application and consent to credit check. This approach helps our clients to avoid unwanted rejections and credit checks which can significantly impact their credit score.

We would be happy to answer, if you have any other questions. Please contact us.