About Accredo

Digitisation has reduced time to lending decision at Accredo

In an era where time is money, traditional secured lending often loses the race as brokers and businesses alike can be under the misconception that it is not a viable financing option. Commonly dismissed as cumbersome and slow, it is common for some to view secured loans as impractical, especially when the funding required is time critical. However, this perception fails to account for the innovations bought about by technological advances, and with Accredo’s digital portal, secured lending may be a better fit for your client than you have previously thought.

Secured lending can offer favourable terms for borrowers and brokers

With nearly three quarters (72%) of brokers anticipating an increase in the use of alternative lenders in 2024, it is clear that businesses are increasingly open to exploring different ways to source finance. Among these, secured loans stand out as a highly effective means to financing business goals. Often with more favourable terms when compared to unsecured lending secured loans can offer lower interest rates, longer repayment periods and flexible profiles like seasonal or low start options and multi drawdown facilities.

But what about the benefits for the brokers...

Accredo: Supporting the growing wave of UK start-ups

The appeal of starting a new business has always been strong in the UK and this year 3 in 5 Brits express the desire take that leap.

According to GOV.UK, there are already 5.51 million small businesses in the UK. Reportedly, small and medium-sized enterprises (SMEs) generated almost £2.4 trillion in turnover in 2023, which represented more than half (53%) of the total turnover generated from private sector businesses.

Accredo Empowers Experienced Leaders with Secured Business Lending

Statistics reveal that over 10% of company directors in the UK are aged 67 or older, underscoring the critical role that older leaders play in driving business success.

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Opportunities and challenges arise at every stage of a limited company's journey. For many UK based companies, access to secured lending can be the catalyst for significant growth and stability.

At Accredo we recognise the value and leadership that experienced directors and owners can bring to their businesses.

10 benefits of the Accredo portal

Accredo’s online portal is focused on providing tools to help brokers simplify the secured loan process. Alongside autofill options, documentation guidance and tools to calculate repayments and commission , our platform reduces the time taken for the loan to be underwritten and then paid out to your client, alongside your commission. Read on to discover the top 10 benefits to using our portal.

Quick Check: An innovative new feature on Accredo’s digital portal

Accredo are proud to announce the implementation of Quick Check, an innovative new feature on our digital portal. Quick Check is a tool that allows brokers to check their client’s potential eligibility against our lending criteria in minutes, before submitting a full proposal.

The flexibility of a multi-drawdown facility

In business lending, a one-size-fits-all approach often falls short of meeting the diverse needs of different clients. Your client may discover their business model requires a more flexible solution.

Accredo’s multi-drawdown facility, offers borrowers a pre-approved limit and the flexibility to draw down the funds they need, when they need it.

Accredo now offer secured commercial loans of up to £1.5M

Accredo has always been committed to supporting limited companies with secured business loans for any commercial purpose, and in anticipation of a promising year ahead, we are excited to announce that we now provide loans of up to £1,500,000 to eligible borrowers.

Brexit… it’s not all doom and gloom

The UK’s decision to leave the European Union (EU) at the end of next month has created regulatory, operational and financial implications for businesses of all sizes, strengths and industries. The Bank of England has warned that lending to business could dry up after Brexit because not enough preparations are being made by companies in the EU to keep operating in the UK.

Despite all the negativity and uncertainty that currently looms, our Director Glen Garton tells us how there are lending solutions still available which can help your customers’ businesses flourish:

Difficult credits come in many forms

At Accredo we don't just see numbers; we see the unique story behind each business and look beyond mainstream lending criteria to find innovative solutions when traditional lenders say no.

90% of our borrowers have been rejected by other lenders so considering a secured loan from Accredo right from the start could save your clients time in the long run.