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Business Loans

Secured business loans from Together.

✓ Flexible on income & credit status
✓ On a huge range of property types
✓ Quick & easy application process
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Why choose a Together Business loan?

If you need to raise some money for your business – to make an investment or improve cash flow, for example – you may be able to take out a secured business loan on your commercial premises or investment property.

We can secure the loan against all manner of properties – even if you already have a mortgage on it; this loan will run alongside, but independent of, any existing borrowing.

You can use a secured business loan for a handful of different purposes, including:

How it works

When you take out a secured business loan, you borrow a lump sum of cash against your commercial or investment property and repay it in monthly instalments (including interest) over an agreed number of years.

It has its own rate and terms, and you'll make repayments on both this and your existing mortgage (such as a buy-to-let mortgage or commercial term).

You could repay less overall

A commercial business loan has its own rate and terms so you could borrow over a shorter period than remains on your current term, which means you may pay back less in the long term compared to remortgaging.

You’ll get to keep your existing mortgage rate

If you’ve already got a good existing mortgage deal or your credit has worsened since taking out your first mortgage, remortgaging to raise the funds could mean paying a higher interest rate on the whole new mortgage. Taking out a secured business loan means you would only be paying the higher rate and extra interest on the new amount you want to borrow.

You could avoid Early Repayment Charges

If your current term has a high early repayment charge, it might be cheaper for you to take out a secured commercial loan rather than remortgaging to release equity from your property.

Our qualified advisers can talk you through the pros and cons of each option.

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Our common-sense approach

Businesses today come in all shapes and sizes. And anyone can run one. With decades of experience under our belts, our flexible criteria and common-sense approach to underwriting means we’re able to lend in many different circumstances. If one or more of the below apply, talk to us:

  • If you have a complex business ownership structure or you've only been trading for 12 months.
  • Your credit history includes arrears, defaults or CCJs.
  • Your property is unusual in its construction, type or use.

Common questions about secured business loans

What is a secured business loan?

Secured business loans are also known as secured commercial loans or second charge mortgages.

Unlike remortgaging, a secured business loan runs alongside (but completely separate to) your current term and is secured against the equity you have in your commercial or investment property. This is the difference between the value of your property and the amount you still owe on your first term.

Taking out a commercial secured loan means you can keep your existing deal – which could be particularly valuable if either interest rates have gone up or your credit rating has gone down. However, keep in mind that you’ll have two mortgages to pay off on the property instead of one, and both payments are equally as important.

What can I use as collateral for a business loan?

Our flexible approach means we can consider lending against commercial property of a huge range of constructions, types and uses.

  • An investment or rental property
  • A retail unit
  • A factory or warehouse
  • An office

We’ll also consider other premises such as restaurants, takeaways, hotels, day centres, leisure facilities and farms.

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Any property used as security, including your home, may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Together offer a range of regulated products and unregulated products. Together Personal Finance Limited are authorised and regulated by the Financial Conduct Authority (FCA) and offer products including (but not limited to) Personal mortgages, Secured loans, Consumer Buy to Let mortgages and regulated Bridging loans.

Our unregulated products are provided by Together Commercial Finance Limited and include (but are not limited) to unregulated Bridging loans, Buy to Let mortgages, Auction finance and Development finance.


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