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Can I sell the property I’m using to secure my business loan?

Whatever asset you use to secure your business loan, you can still sell it if you want to during the loan term. In some cases this may require our agreement.

What happens to the business loan when you sell your property?

The following options are available depending on your situation.

Sell your asset and repay the business loan

If you choose to sell your asset, we may take the proceeds of the sale to repay your business loan. With any money left over will given back to you.

Offer another asset to secure the business loan

If you’re buying a new property or already have another property you can use as security, we may agree to use these to replace the existing security. We’ll usually need you to fill out some documents to make this change. Find out what assets we accept as security.

Sell your asset and use the cash to secure the business loan

If you want to sell your property but haven’t found another property to buy, we may hold the money from the sale of your property. This will secure the business loan until you buy another property or asset.  


You’ll usually need to provide us with some documentation for this arrangement.

Before you sell your property

When you decide to sell your asset, it’s important to notify us first. We’ll need to let you know what we require to allow the sale to proceed smoothly.


If you’re thinking of selling an asset you’re using as security, give us a call to discuss your options. 

Things you should know

This information is general in nature and has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information to your own circumstances and, if necessary, seek professional advice.