A secured business loan is money borrowed or secured against an asset you already own. This could be something like a car, premises or anything or value that will be used to secure payment to the creditor in the event that you are unable to repay the loan. In contrast, an unsecured business loan doesn’t require you to provide anything as security. Instead, you borrow a lump sum and then pay this back with interest over an agreed timeframe.
You can set up multiple direct debits, and there is no fee for this service. You review your direct debit scheduled for a payment in the SendMoney → Manage → Direct debits.
SEPA Direct debits can only be set up in Euros through our SEPA Core direct debits scheme, which allows the collection of funds from your Tide Business Account. Currently, we do not support the SEPA B2B direct debit scheme.
