Unsecured Business Loans2018-06-15T11:19:29+00:00

Unsecured Business Loans

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What is an Unsecured Business Loan?

An unsecured business loan, unlike many other types of business borrowing, is not secured against assets or property.

Unsecured business loans are usually able to draw down quickly as there is no need to assess any assets or property, and as such, valuations and conveyancing are not required.

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Latest Unsecured Business Loan Offers

View some of the latest unsecured business loan offers from major lenders.

Product BSL0001 - Apply Now
Rates From
3%
Min - Max Loan
£5,000 - £500,000
Funding Type
Business Loan
Min-Max Term
6 months - 5 years
Min Trading Time
2 years
Completion Timescale
5 days
Product BSL0002 - Apply Now
Rates From
5.7%
Min - Max Loan
£25,000 - £100,000
Funding Type
Business Loan
Min-Max Term
6 months - 5 years
Min Trading Time
2 years
Completion Timescale
5 days
Product BSL0004 - Apply Now
Rates From
6.4%
Min - Max Loan
£25,000 - £2,000,000
Funding Type
Business Loan
Min-Max Term
6 months - 5 years
Min Trading Time
2 years
Completion Timescale
1 week
CLICK HERE TO COMPARE MORE MARKET LEADING PRODUCTS

How Could An Unsecured Business Loan Benefit My Business?

Unsecured business loans can be used to release funds into your business and can have a huge impact on your continued success. Whether used to ease cash flow, or to fund expansion plans, when used correctly, business loans provide vital capital to help your business.

Our clients often turn to unsecured business loans to fund stock purchases, the hiring of new staff and the purchase of new equipment.

How Much Can I Borrow?

Although the amount available to your business will vary depending on a number of factors, we can offer unsecured business loans from £500-£500,000.

How Much Will It Cost?

The rate charged will depend on your needs and the length of time the funds are needed for, however, our business loan rates start at 3% per annum.

How Quickly Can I Draw Down Funds?

We are committed to saving you time and money. As such, we always look to complete your application as quickly as possible. Decisions are usually available within one hour of your enquiry.

Once the application is submitted, business loans usually drawdown in 1-2 weeks. Where funds are needed urgently, funds can often be drawn down on the same day.

How Do Unsecured Business Loans Work?

Unsecured business loans are a quick and easy method raising funds for your business. They tend to be flexible, affordable and are ideal for businesses with few assets.

Loans are usually set up on a capital repayment basis, with fixed monthly repayments made over the agreed term. If the monthly payments are made in full and on time, the loan is repaid in full at the end of the term.

Personal Guarantees

When taking out business finance on an unsecured basis, the lender will usually require a personal guarantee. This acts as an assurance that you will repay the debt if the business were to default.

It’s important that you consider whether a personal guarantee is right for you before taking out a business loan. It is possible to insure personal guarantees, with the policy paying out in the event of the guarantee being called upon.

Unsecured Business Loan Lenders

Times have changed and the first port of call for a business loan is no longer, for many companies in the UK, their own bank. With lending rules tightening up and applications seeming to take longer and longer, more and more people are turning to alternative sources of funding.

There are a number of lenders to choose from including:

  • High Street Banks
  • Peer to Peer Lenders
  • Challenger Banks
  • Alternative Commercial Finance Lenders

We help you to compare all of the above lenders from across the market, through one simple enquiry.

The Benefits Of Taking An Unsecured Business Loan

  • Excellent rates from a variety of lenders
  • Drive your business forward with a cash injection
  • Fast decisions and simple application processes
  • Lots of flexible lenders

Compare The Whole Market Without Paying A Broker Fee

Compare unsecured business loans, select your preferred option and apply online for a fast decision.

Alternatively, to talk to a business loan expert, enquire online or call us now and we’ll usually be able to give you a decision and written terms within one hour.

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