Simple and Fast Tailor made Solutions - Secure Financing within 2-4 Business days
SECURED BUSINESS LOANS UP TO 85% LTV OF YOUR HOME
(Services provided in BC and Ontario Only)
Secured Business Financing
Secured Business Loans are business loans that are collateralized in the form of real estate, with a lien on the property. Kingsmen provides various secured financing solutions to fix small business loans in Canada. Our assessments are based on business revenues and business owner’s equity in personal real estate. This program enables business owners to access capital at lower rates in comparison to Unsecured Business Financing. The terms of our program are as follows:
‣ Loans Up to 85% LTV
‣ Rates at 9.99% – 19.99%
‣ Amount: $25,000 – $250,00
‣ Term: 6 months – 5 years
‣ Blended Interest and Principal Payments (daily, weekly, bi-weekly, Monthly
‣ No Penalties for early Payout
Our program is one of the most popular and unique in the industry, since we can underwrite loans as high as 85% LTV of a business owners home, Canada wide. (Except Quebec and SK)
This high LTV figure allows us to provide business owners with additional capital via charges on real estate, while repayment of the loan is made through their business.
Once the client has secured financing, they can engage in fixed payments over a decided term; on a daily, weekly, bi-weekly or monthly basis, depending on the needs and structure of the business.
Kingsmen provides extra flexibility to business owners as financing is provided without any prior conditions on the usage of funds, allowing you to expand your business the way you want. Furthermore, we incentivize early repayment of the loan by removing any associated penalty or cost. We also have vast experience assisting clients with Low Credit Scores that have caused them to fall out of conventional banking channels. Secured Business Loans are a popular form of financing for debt consolidation, growth, or Working Capital.