Thor Capital Group offers small business secured loans from $50,000 to 1 Million, with no restrictions on how you can use your funds. The terms of your collateral business loan will depend primarily on your business’s cash flow, the business owner’s background, personal credit, repayment history, and the value and type of collateral. At Thor Capital Group, we never want to put anyone’s primary place of residence at risk, so we only accept developed property that is not the business or property owner’s primary residence as collateral.
What is a Collateral Loan?
Collateral Loan is Ideal for:
- Businesses who need low cost capital for a short period of time.
- Businesses seeking a larger or longer-term funding option than a merchant cash advance or other small business loans
- Businesses looking to make a large purchase, such as new equipment or more inventory.
- Businesses planning an expansion, merger, or acquisition.
Who Can Benefit from Collateral Loans?
Collateral Loans can help businesses in most industries, including:
Restaurant Industry
Fast food, casual dining, fine dining, coffee shops, & more.
Construction Companies
Contractors, electricians, plumbers, specialty tradespeople, & more.
Medical Practices
Surgeons, psychiatrists, dermatologists, veterinarians, and all specialties.
Retailers
Convenience stores, salons & spas, clothing stores, specialty stores, & more.
Manufacturers
Metal manufacturing & machinery, food production, electronics, & more.
Business Services
Advertising, maintenance, equipment rental, computer programming, & more.
Collateral loans can also benefit restaurants, dental practices, attorneys, dry cleaners, gas stations, pharmacies, and more. No matter what industry you operate in, our expert Funding Advisors will work closely with you to select the best funding option to help you achieve your business’s goals without sacrificing cash flow.
How Collateral Loans Work
SUBMIT YOUR APPLICATION
You’ll need three months of business bank statements and other financial records. For faster approval, grant us secure access to your bank account’s transactional data
CHOOSE YOUR FUNDING
A Funding Specialist will reach out to you within 1 hour (during regular business hours) to complete your application and discuss your business funding options
GET FUNDED
Once you and your Funding Advisor determine what funding option works for your business, your funds can be approved and deposited within 24 hours
REPAY YOUR LOAN
You’ll need three months of business bank statements and other financial records. For faster approval, grant us secure access to your bank account’s transactional data
Will Your Business Qualify?
Thor Capital Group small business secured loan requirements are lower than traditional lenders and other alternative funders. Approval for a collateral business loan from Thor Capital Group isn’t based solely on your credit score—we know that credit scores don’t tell the whole story, so we focus on the overall health of your business and the property. Here are some factors we consider:
- Type of collateral—we don’t accept primary residences as collateral
- Value of collateral
- Business revenue
- Years in business
- Vendor payment history
- Cash flow
- Public records
Why Get Funded by Thor Capital Group?
When you apply for a secured collateral business loan from a bank, you’ll have to complete a long application and supply up to a year’s worth of detailed financial records. The process can take months with no guarantee of approval. At Thor Capital Group, your success is what matters to us most. Funding from Thor Capital Group can be obtained quickly and easily thanks to our streamlined application and fast approval process, and our knowledgeable Funding Specialists will stick with you every step of the way.
Collateral Loans Q&A
Q: What assets can be used as collateral to secure a loan?
A: We accept developed property that is not the business or property owner’s primary residence. We will not accept your primary residence as collateral.
Q: What is required to apply for a collateral loan?
A: We require a credit application, recent property appraisal, county tax bill and real estate schedule. Check with one of our Funding Specialists for more details.
Q: Do you offer collateral loans in Canada?
A:Yes, we fund throughout Canada except for Saskatchewan.
Q: How long does it take to get funding for a collateral loan?
A: Funding from a collateral loan can be made available in as little as 5-10 business days. Speak with a Funding Specialist for more information.