Unsecured business loans to grow your business

Clear options from trusted UK lenders, friendly support from real people, and no obligation to proceed.

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What is a business loan?

Most businesses need extra funds at some point. You might be growing faster than cash comes in, taking on a larger contract, buying stock or equipment, investing in marketing, or smoothing a seasonal dip. A well chosen loan lets you move forward with confidence while keeping day to day cash healthy.

A business loan gives your company a lump sum to use for growth, cash flow, equipment, projects, or consolidation. You agree a term and a rate, then repay through regular monthly instalments. It is a straightforward way to plan ahead, keep costs predictable, and invest with confidence.

Lenders assess affordability by looking at revenue trends, margins, cash flow, and current commitments. They also consider your sector, trading history, and credit profile. Stronger cases can unlock larger amounts and keener pricing. We explain what matters in plain English and help you position your application for a smooth process.

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Types of business loans

Every business is different, so the right type of funding depends on your goals, timescale and whether you want to use security. Below is a quick guide to the common options, with friendly notes to help you choose what fits best.

Unsecured term business loan

Fixed monthly repayments with no specific asset pledged. Suits established trading businesses that want speed and simplicity.

Secured business loan

Larger amounts and potentially sharper pricing when supported by property or business assets. Useful for bigger projects and longer terms.

Start up business loan

Government backed personal loan aimed at newer businesses, often with mentoring and support included.

Short term business loan

Quick access for immediate needs. Helpful for seasonal peaks, time sensitive opportunities, or bridging a short cash flow gap.

Revenue based finance

Repay through a share of card takings or revenue so payments flex with sales.

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Common uses of business loans

Buying equipment or vehicles
Refurbishing or fitting out premises
Hiring people and expanding teams
Marketing and customer acquisition
Managing cash flow during busy seasons
Taking on larger contracts with confidence
Consolidating existing borrowing into one simple monthly repayment

Alternatives to business loans

Sometimes a traditional loan is not the perfect fit - we'll help you find the perfect match. These flexible options can help you manage short term needs, protect cash flow, and match repayments to how your sales come in.

Revolving credit facility or overdraft

Draw, repay, and draw again. You pay interest only on funds in use. Great for short term working capital and unpredictable timing.

Asset finance

Fund equipment or vehicles with the asset itself as security. Helps preserve cash flow and spreads cost over the useful life of the asset.

Invoice finance

Release cash tied up in unpaid invoices. Works well when you invoice other businesses and want funding that grows with sales.

Merchant Cash Advance

Repay as a share of card receipts or revenue. Useful when sales vary month to month.

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Key business loan info

Rates
Pricing depends on your profile, term, security, and lender policy. Secured and lower risk profiles can see single digit annual rates. Short term and unsecured options can reach higher double digit annual rates. We always show total cost and every fee before you proceed.

Terms
Options from around six months to ten years are common for unsecured loans. Secured or property backed facilities can run longer where suitable, sometimes up to twenty five years.

Speed
Straightforward cases can receive indicative terms the same day. After approval and signing, funds can follow soon after. Complex or secured cases may take longer and we keep you updated at every step.

Choice of lenders
Access a wide panel across the UK, including major banks and specialist providers. We match your case to lenders that fit your sector and goals.

Process

Quick fact find
Tailored options and indicative terms
Submit documents
Underwriting and approval
Funds released

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Unsecured business loans vs secured business loans

Unsecured loan
No specific asset as security, faster decisions, simpler process, usually smaller amounts and shorter to medium terms, rates often higher, personal guarantee common, great for working capital, stock, marketing, and hiring.

Secured loan
Backed by property or assets, takes longer due to valuations and legal work, usually larger amounts and longer terms, rates often lower, security required and a personal guarantee may still apply, ideal for equipment, refits, acquisitions, and big projects.

Not sure on the right route? Don't worry we can help lay the options out so you can make the best decision for your business.

Who is eligible for a business loan

Trading history
Many lenders like to see at least twelve months of trading, although options exist for newer businesses.

Turnover and affordability
Loan size relates to your revenue, profitability, and existing commitments. We help you evidence this clearly.

Credit profile
Both business and personal credit can be considered. A stronger profile usually unlocks better rates and terms, but there are options for a range of situations.

Security and guarantees
Personal guarantees are common for unsecured borrowing. Larger amounts or keener pricing may require security such as property, equipment, or a debenture.

Documents
Photo ID, three to six months of business bank statements, latest accounts or management information, and details of any existing facilities. Some lenders may ask for forecasts or a plan.

Sector notes
Seasonal firms may use average monthly revenue, construction may provide stage payment schedules, hospitality and retail can share card sales history, and ecommerce may include payment processor statements.

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Business loans FAQs

How does a business loan work?

You borrow a set amount, agree a term and a rate, then repay through monthly instalments until the balance is cleared. Interest is charged on the outstanding balance during the term.

How much can I borrow?

Amounts can start from a few thousand pounds and can reach several hundred thousand pounds or more depending on turnover, profitability, security, and overall affordability.

What will it cost?

Your cost depends on risk, term, and whether the loan is secured or unsecured. We present a clear total cost of finance and explain every fee before you proceed so there are no surprises.

How much can I borrow?

Amounts can start from a few thousand pounds and can reach several hundred thousand pounds or more depending on turnover, profitability, security, and overall affordability.

How fast can I get funding?

Many decisions arrive very quickly for straightforward applications. Once approved and documents are signed, funds can be released soon after. Secured or complex cases may take longer.

Do I need security or a personal guarantee?

Unsecured loans usually require a personal guarantee. Larger amounts or keener pricing may call for security such as property, vehicles, or other assets. We will explain what is required for your case.

Can startups apply?

Will a credit check be required?

Most lenders will run soft credit checks.

Can I make extra repayments?

Some lenders allow partial early repayments without a fee. Others may charge. We will flag these points clearly so you can choose what suits you.

Can I repay early in full?

Many lenders allow early settlement. Some have no early settlement fee while others may charge. We will confirm this before you sign any agreement.

What can I use the money for?

Most business purposes are acceptable, including equipment, vehicles, stock, marketing, hiring, refurbishments, and general cash flow. We will confirm lender rules for your use case.

Can I apply if I already have a loan?

Yes. We can review top up options or a refinance that aims to reduce monthly outgoings, subject to status and affordability.

Do I need to be a homeowner?

No. Being a homeowner can widen the range of options, but many lenders will consider non homeowners. Pricing depends on overall risk.

What documents will I need?

Typically photo ID, three to six months of business bank statements, your latest accounts or management information, and details of any existing borrowing.