Benefits of Unsecured Business Loans

Inject cash into your business to fund new assets, expand your business, or improve cashflow.
Business Finance Team

Grow your business and finance new projects with an unsecured business loan

The right unsecured business loan can help you overcome challenges that are holding you back, by financing new staff, new stock or new premises.

We’ve helped many businesses arrange a new unsecured business loan, including:

- Recruitment firms
- Consultancy companies
- Construction businesses

Talk to us today about how you can access a loan for your business.

Fast, no-nonsense application process

Your small business loan can be in your bank account in just a few days using our fast, expert service.

Our team of loan specialists has helped many other businesses raise the funds they need - and fast! 

Step 1: Get in touch
Step 2: We review and discuss with our network of lenders
Step 3: The loan agreement is arranged

We make the process as simple and jargon-free as we can.

Apply for your unsecured business loan today

The first steps towards the funding your business deserves
Tell us a bit more about your requirements
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Business Loan Eligibility

Turnover

Most lenders want to see a minimum turnover of £100k, unless you’re a start-up.

Trading History

It helps your application to have filed accounts for the first year of trading. However, we also help with finance for start-ups.

UK Registered

We provide finance for businesses across almost all industries, based in the UK.

Unsecured Business Loan FAQs

How much will an Unsecured Business Loan cost?
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You will be charged interest on your business loan. The rate for unsecured loans typically starts at 2%. The actual rate charged will be determined by various factors, such as the amount borrowed, trading history, credit score and the industry you operate in.

Am I eligible for an Unsecured Business Loan?
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You can’t be sure about your eligibility for a business loan until you’ve spoken to us. The eligibility criteria vary between lenders, with some being more flexible than others.

Typically the basic criteria are:

  • At least 12 months trading history.
  • Minimum turnover of £100k.
  • Business is profitable with a positive balance sheet.
  • No County Court Judgements or adverse credit history.
  • Company is UK registered.
  • It’s preferred that the director applying for the loan is a homeowner.

However, if you don’t meet these requirements, it may still be possible to arrange finance for your business. Get in touch with us to discuss your situation.

How long does it take to arrange an Unsecured Business Loan?
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An unsecured business loan facility can often be set up in 1-2 days, from application to the funds being in your account. We keep the process as quick and simple as possible, updating you every step of the way.

How much can I borrow through a business loan?
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Through an unsecured business loan you may be able to borrow between £10,000 and £500,000. The exact amount depends on your requirements, what’s available from lenders and their terms.

Why Spark Finance?
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We are committed to helping businesses like yours find the funding they need, as easily and cost-effectively as possible. When you work with us, one of our finance consultants is assigned to support you through the entire loan process.

Recovery Loan Scheme

“Would thoroughly recommend using Spark Finance, we had great service all the way through the process from Perry. We will definitely be back should we need any more finance for my business”

Reviews from our clients

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Disclaimer: Spark Finance Ltd (Registered office - 18 John Stow House, London, England, EC3A 7JB, Registered Number 10128297) helps UK firms access business finance. Spark is a credit broker, not a lender. Any quotes provided are for information purposes only and subject to status and separate lender terms and conditions. Applicants must be aged 18 and over.  Guarantees and Indemnities may be required.  Spark Finance may receive commission from lenders  which may vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.

Spark Finance Ltd is authorised and regulated by the Financial Conduct Authority in the UK (FRN 958123).