Unsecured Business Loans

With an unsecured business loan, you can access finance quickly for your business without offering an asset, such as property or collateral, as security for the loan.

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If your business doesn’t own many assets but needs funds quickly, an unsecured business loan offers you a quick and easy funding solution. Unsecured business loans are becoming an increasingly popular funding option amongst business owners due to their competitive rates, flexible terms and the speed at which funds can be made available.

What Is An Unsecured Business Loan?

An unsecured business loan offers a straightforward funding solution for UK businesses; you could borrow up to £500,000 or more without having to secure the loan against company assets, such as property, land or equipment. Unlike a secured business loan, which requires you to offer tangible assets as security against the loan, unsecured business loans can be accessed quickly and repaid over a short or medium term. A business loan without security provides a flexible source of funding for businesses that lack assets or do not want to secure them against a loan. You can access finance quickly – often within a couple of hours – and simply pay it back within an agreed timeframe.

The Benefits of Unsecured Business Loans

If you need a quick injection of cash for your business without offering the security of an asset, an unsecured business loan could offer the fast, flexible and easy funding solution you’ve been looking for.

  • Borrow £1,000 up to £500,000 +
  • Does not require any asset security
  • Flexible repayment terms from 1 month to 5 years +
  • Minimal paperwork required
  • Funds can be released quickly after approval
  • Short to medium term lending solution

Find out for free if you qualify for an unsecured business loan. Apply today for your free, no obligation quote.

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How does it work?

An unsecured business loan provides your business with upfront capital without requiring security. Typically you repay the loan in monthly or quarterly instalments over a fixed period. There is a wide selection of unsecured funding products that offer flexible terms.

What are the advantages?

Unsecured business loans offer great advantages for businesses operating in the UK. Both well-established businesses and relatively new ventures can enjoy a number of significant benefits. With an unsecured business loan, funds can be made available faster than other types of business loans. As assets are not required as security, they offer a highly accessible source of funding for business owners. Whether you’re looking to invest in new equipment, expand your product range, fund training opportunities for your staff or break into new markets in the UK or overseas, there are no limits to how you use this type of business loan. As you do not require an asset or collateral as security for an unsecured business loan, your loan could be agreed within a matter of hours. Depending on your circumstances, you could qualify for an unsecured loan of up to £500,000 or more. Our alternative funding providers offer your business a highly flexible finance arrangement; many offer fixed repayment schedules with no hidden fees and interest rates are agreed upfront. Loans can be repaid over a short or medium term, typically between 1 month to 5 years.

Does my business qualify?

To qualify for an unsecured business loan, you must have been trading in the UK for at least 4 months and have a minimum annual turnover of £10,000. There are unsecured loan options for sole traders too. It is worth noting that although you will not need to secure your loan against a personal or company asset, you may be required to have a good personal and business credit history.

  • Operating for at least 4 months
  • Have a UK bank account
  • Limited company, partnership or sole traders registered in the UK
  • Annual turnover of at least £10,000

A personal guarantee may also be required but this could enable you to secure higher levels of funding. If your situation changes and your business is unable to repay the loan, the personal guarantor would be required to pay back the remaining balance under the agreed terms.

If you do not meet these criteria, we can still help you access the finance you need. We offer a wide range of other business finance options and can help you find the right funding solution for your business.

Related unsecured business loan products

Secured Business Loans

Merchant Cash Advance

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