For Businesses
Technology
Inject cash into your business to fund new assets, expand your business, or improve cashflow.
Estimated time to read page: 5 min | Written - January 2025. Reviewed quarterly.
"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." - Jamie Davies, Head of Lending
A business loan is a way to borrow a sum of cash and spread its cost to use the funds for various reasons, usually for business improvements or growth.
Starting from £10,000, repayments can be done monthly or weekly, over months or years, depending on the the loan type and borrower’s profile.
Interest fees and rates will vary from lender to lender.
Grow your business and finance new projects with an unsecured business loan. From sole traders, partnerships, startups, to SMEs, boost your cashflow and kickstart the growth your business need.
Get startedAll industries can apply for a unsecured business loans.
The funds can be used for multiple purposes, such as buying new equipment / company vehicles, hiring new employees, covering salaries, improving cash flow, consolidating existing debt, expansion or renovations plans, purchasing more stock, or even just raising cash to build a safety net.
The specific eligibility criteria will depend on each lender, the rule of thumb usually involve:
The business has to be registered and based in the UK
Most lenders want to see a minimum turnover of £100K
(unless the business is a startup)
Most lenders will require a minimum loan amount of £10K
If you have any adverse, or poor credit, you still can be raise funds with a business loan. Credit score would only affect interest rates and loan terms.
A lender may request specific documentation throughout the process; however, the usual basic information required will include the last six months of bank statements, the most recent filed accounts (if applicable), and basic details about the director and the business.
Our team will request this information through our secure technological platform, allowing for a safe and efficient upload of all documents.
By joining years of expertise with our in-house intelligent lending technology, we are able to quickly match your business to the best product and the right lender for your circumstances, even if you have struggled in the past, in a simple and straightforward way.
On top of that, we provide advice and support through the entire process. Arranging a finance facility can take time. We assist you in cutting through the unnecessary and focusing only on what needs to be done.
We make it easier for you to raise commercial finance for your project or business. As we're not tied to specific commercial finance lenders, our concern is what's best for you.
You will be charged interest on your business loan. The rate charged will be determined by various factors, such as the amount borrowed, trading history, credit score and the industry you operate in.
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:
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.
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.
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.
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.
