Secured Business Loans in Ireland

The Irish business lending landscape is constantly evolving, with pillar banks and alternative lenders gaining access to an ever-changing range of SBCI and government-backed loan options. However, while these lenders have access to various funding schemes, they must still operate within their lending rules. If your business has imperfect accounts or bank statements, you may face declines, particularly for unsecured loan options. In such cases, a secured business loan could be a viable alternative if your business owns eligible assets.

Types of Secured Business Loans

1. Asset-Backed Secured Loans

The quickest and easiest type of secured loan is one backed by business-owned vehicles and machinery. To qualify:

  • The assets must be fully owned or have minimal outstanding finance.

  • They should be less than 12 years old.

BusinessLoans.ie works with a panel of lenders to assess whether a secured loan is possible and determine the maximum amount available. Interest rates depend on risk assessment, but obtaining approval information is free. Additionally, businesses may qualify for discounted rates under the Credit Guarantee Scheme, especially if they have experienced a 15% or greater decline in turnover or net profit due to Covid-19. Loan amounts start from €20,000 and up, depending on the asset values.

2. Property-Backed Secured Loans

If your business owns commercial land or buildings, you may be eligible for a secured loan at lower interest rates. However, this loan type involves greater complexity and costs due to required legal fees, quantity surveyors, and other professional services. Because of these fixed expenses, property-backed loans are typically only feasible for amounts starting from €250,000 and above, provided the property has sufficient equity.

Benefits of a Secured Business Loan

  • Higher Approval Chances – More accessible for businesses with valuable assets.

  • Unlock Working Capital – Convert locked-up asset value into usable funds.

  • Less Restriction on Loan Purpose – Lenders impose fewer usage checks compared to unsecured options.

Key Criteria for Secured Loan Eligibility

  • Your business owns vehicles or machinery with significant value.

  • Your business owns land or buildings with available equity.

  • Your business passes credit assessment checks.

How BusinessLoans.ie Can Help

At BusinessLoans.ie, we specialize in securing the best funding solutions for Irish businesses. Our services are completely fee-free, and we are available seven days a week to assist with both unsecured and secured loan quotes. If a secured loan is the best route for your business, we can provide fast approval feedback from our panel of top lenders.

📞 Call the BusinessLoans.ie team for fast finance quotes on 01 55 636 55 or APPLY HERE.