Unsecured business loan

Unsecured business loan
Lets make it work

As a business, there are times when you need access to funds, fast. It could be the case that your business doesn’t have a great deal in the way of assets that borrowing can be secured against. In either of these cases, an unsecured business loan could be just what you need. Fast, flexible, and competitive, unsecured business loans in the UK have a lot to offer.

How an unsecured business loan
will help you

Unsecured business loans can see your business accessing as much as £500,000. If you are searching for quick business loans then unsecured ones are usually the answer. These loans can be processed in almost an instant and see funds reaching your account on the same day. This is one of the reasons that unsecured loans have continued to grow in popularity with UK business owners.

Another great feature of unsecured business loans is that you can use them for any purpose. There are certain business loans in the UK that come with certain restrictions on how funds can be used. Unsecured loans can be used for whatever you need them. Popular uses include:

Increasing your product range

Investing in staff development

Purchasing new equipment

Advertising and marketing campaigns

We have helped a whole host of businesses to secure the finance that is right for them. By allowing our expert team to assist you, we can find you the best loans with the best interest rates and the ideal term. Unsecured business loans are generally repaid over 1-5 years but can be over a longer-term at times.

There are clear benefits of using unsecured business loans. They allow you to access funds exactly when you need them. There is minimal paperwork to complete and there is no need to offer any form of security. Let us find the perfect unsecured business loan for you.

Is my business eligible for an unsecured business loan?

To be eligible to apply for an unsecured business loan, you will need to meet a few criteria. These include:

Trading for at least 4 months
A turnover of at least £10,000
Have a UK bank account
Have a business registered in the UK

Can I apply as a sole trader?

Yes, are unsecured business loans that are suitable for sole traders as well as limited companies and limited liability partnerships. Where there is limited liability, it may be the case that lenders will request a personal guarantee.

Can I apply with bad credit?

As with all business loans, the better the state of your credit report, the better your chances of securing a loan. If you have poor credit a finance broker will be able to explore suitable options but this may see higher fees and interest charges.

Do I need to offer any security?

No, the key difference between this and a secured business loan is that there is no need to offer any form of security. A secured loan sees the need for assets to be used. This is not the case with unsecured business loans.