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A business loan allows companies to borrow funds, typically starting from £10,000, and repay the amount over time, often for business growth or improvements. Repayments can be made either monthly or weekly, with terms ranging from months to years, depending on the loan type and the borrower’s profile.
To qualify for an unsecured business loan, lenders typically look at your business’s credit history, annual revenue, trading duration (usually 6+ months), and your ability to repay. Unlike secured loans, you don’t need to offer collateral, making it ideal for fast-growing or asset-light businesses.
Unsecured business loans usually range from £5,000 to £500,000. The amount you're eligible for depends on your revenue, creditworthiness, and lender criteria. We work with lenders who offer flexible borrowing limits tailored to your needs.
Some of our lending partners offer decisions within 24 hours, and funding can be released as quickly as the same day. The process is online, streamlined, and hassle-free, so you can focus on growing your business.
Unsecured loans can be used for almost any business purpose, including cash flow management, stock purchases, equipment upgrades, marketing campaigns, or hiring new staff. It’s up to you how to invest in your growth.
Interest rates for unsecured business loans typically range from 6% to 25% APR, depending on the lender, loan amount, and your credit profile. Repayment terms vary between 6 months and 5 years. We’ll match you with the best rates available for your situation.
Complete our quick online form with a few details about your business and what you need funding for. No commitment, no jargon.
A dedicated finance expert will get in touch to understand your needs and tailor options that work for your business.
We’ll match you with trusted lenders from our panel, offering competitive rates and flexible terms suited to your sector.
Review your finance offers with full transparency. We’ll guide you through the details so you can make a confident decision.
Once approved, your funds are released quickly — often within 24–48 hours — so you can get back to growing your business.
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The cost of an unsecured business loan depends on a variety of factors, including the loan amount, your business’s trading history, credit score, and the industry you operate in.
Interest rates are typically higher than secured loans, as no assets are pledged as collateral, but lenders often offer competitive terms for UK SMEs with strong financials.
Additional costs may include arrangement fees or processing fees, depending on the lender.
Overall, an unsecured business loan provides a flexible, asset-free funding solution for businesses looking to finance growth, manage cash flow, or cover operational expenses without risking property or equipment.
Eligibility for an unsecured business loan varies between lenders, as some have stricter requirements while others are more flexible.
Typically, the criteria include:
Even if your business does not meet all these criteria, it may still be possible to arrange finance. Speaking with a specialist will help identify lender options and determine a suitable funding solution for your business.
One of the key advantages of an unsecured business loan is speed. In many cases, the facility can be set up in 1–2 days, from initial application to funds being deposited in your account.
Our process is designed to be as quick and simple as possible, keeping you informed at every stage.
Fast access to funds makes unsecured business loans an ideal solution for urgent working capital needs, business expansion, or seasonal cash flow management.
With an unsecured business loan, borrowing amounts typically range from £10,000 to £500,000, depending on your business requirements, lender terms, and availability of funding.
Lenders assess your turnover, profitability, and trading history when determining the maximum loan amount, ensuring repayments are manageable.
Unsecured loans provide a flexible funding solution for a wide range of business needs, from expansion and equipment purchase to working capital management.
At Spark Finance, we are dedicated to helping UK businesses access the funding they need quickly, easily, and cost-effectively.
When you work with us, a dedicated finance consultant is assigned to guide you through the entire loan process, from assessing eligibility to securing the funds.
We focus on providing tailored business finance solutions, ensuring that you receive support every step of the way.
Whether you need an unsecured business loan, working capital finance, or growth funding, Spark Finance is committed to helping your business succeed.
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"Unsecured loans offer businesses quick and flexible access to funding. With some lenders, funds can be available in hours, though at a premium. Larger lenders may take longer but can provide competitive rates, making unsecured loans a versatile option for businesses needing fast finance."
