Unsecured Loans
If you’re looking for business finance but aren’t able to offer security in the form of assets, would prefer not to offer any security or need funding quickly because your business is growing fast, an unsecured loan could be the ideal solution.
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Unsecured Loans - Features and benefits through Funding Options:
We compare 120+ lenders
A Finance Specialist is available to guide you through the process
It is free and doesn’t affect your credit score
No assets or security required
A simpler process with no valuations
You could borrow up to £10M
Unsecured Loans - How do they work?
An unsecured business loan doesn’t require any security, as opposed to a secured business loan which uses assets as security - with a secured business loan, the lender can sell your assets to recoup the cost of the loan should you not be able to make your repayments.
You agree to make regular payments until the unsecured loan is paid in full. As the finance isn’t secured against an asset, interest rates for unsecured loans tend to be higher.
You can use an unsecured business loan to fund a range of activities, including: business growth, stock or asset purchase, one-off costs and premises expenses. It can also be used to boost your business’ cash flow.
Often lenders will require a personal guarantee from the company director in order to lower the level of risk associated with providing an unsecured business loan.
Financial product information
Representative example*
7.63% APR Representative based on a loan of £50,000 repayable over 24 months. Monthly repayment of £2,252.94. The total amount payable is £54,070.56
*Some lenders may apply fees during the application process, please note that these are set and provided by these entities.
Annual Percentage Rate
Rates from 2.75% APR
Repayment period
1 month to 30 years terms