Unsecured Business Loans for Growth-Hungry Businesses

We know businesses need flexibility. Our unsecured loans offer funding from £25K to £500K without the need for collateral, perfect for boosting cash flow, driving growth, or supporting expansion.

Fast, risk-free finance tailored to your needs.

What Makes Our Unsecured Business Loans Different?

No Collateral Required

Secure financing without putting your valuable assets at risk.

Flexible Funding Options

Access funds tailored to your business, ranging from £25,000 to £5,000,000.

Predictable Repayment

With fixed monthly repayments you can be confident in your financial planning.

What is an Unsecured Loan?

An unsecured business loan allows you to secure funds for your business without providing collateral, relying on creditworthiness and repayment ability. Providing quick capital access without risking valuable assets, unsecured loans   offer flexibility for businesses on the move.

Unsecured loans often come with higher interest rates and shorter repayment terms compared to secured loans. However, this doesn’t necessarily mean the loan is more expensive. Unsecured loans offer businesses a quick and flexible way to access funding without the potential risk of losing valuable assets in case of default.

What Can An Unsecured Loan Be Used For?

The beauty of an unsecured business loan is that it can provide your business with flexible funding to suit your financial needs. The possibilities are practically endless, but here are some examples:

Simple Application Process for Unsecured Business Loans

1. 60 Second Online Application

Tell us how much you need to borrow, why and for how long. It’s that simple. Our secure online application takes less than one minute.

2. Quick Assessment

Our advisors will get back to you instantly after evaluating your application.

3. Fast Approval

We understand that businesses need to move quickly. We’ll approve your application in as little as 1 day.

4. Get Funds Straight To Your Accont

You’re good to go. Your approved funds will be sent to you, driving your business growth.

What Do I Need to Qualify for an Unsecured Business Loan?

Every application for an unsecured business loan will take into account the following key eligibility criteria:

We go into further detail on the key criteria for an unsecured business loan in our blog.

Benefits of Unsecured Loans for Fast-Moving Businesses

Unsecured business loans are ideal for businesses needing quick access to capital without risking their  assets. Here are just some of the benefits:

Interest Rates for Unsecured vs. Secured Loans

Interest rates may be higher on unsecured loans vs. secured loans, but the speed, convenience, and reduced risk make them an excellent choice for businesses needing fast financial support. Unsecured loans aren’t always more expensive either:

 SecuredUnsecured
Interest Rate5%10%
Amount Borrowed£25,000£25,000
Loan Term2 years5 years
Monthly Repayment £1,152.19£471.78
Total Interest£2,652.56 £3,306.80

Types of Unsecured Loans

Explore a range of unsecured business loan options at Funding Guru, tailored to suit your business requirements:

How much can I borrow on an unsecured business loan?

Every lender will have a different highest amount they will be willing to part with on an unsecured loan. Here are some examples on the amounts you can borrow: :

Loans Based on Turnover

Many unsecured loan amounts are based on your annual turnover, usually capped at 40%. That means that if you turnover £1 million per annum, you could borrow up to £400,000.

Loans Based on Monthly Revenue

Some unsecured business loans will use your monthly revenue as the figure to base your loan upon, usually capped at 1.5x**. If your MRR is £80,000 in this case, your maximum loan amount would be £120,000. 

Loans Based on Credit Score

Your credit score will impact the amount of money you can borrow – even if your business financials are in top shape. For example, if your turnover is £1 million per annum, but your credit score isn’t up to scratch, you wouldn’t be able to borrow as much as someone with a solid score. 

Loans Based on Personal Credit

Personal credit of shareholders can impact the amount that you can borrow on an unsecured business loan. For example, if your majority shareholder has over £2 million in personal assets, it could improve the credibility of your loan application if you’re applying for less than that amount.

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Unsecured Loans Frequently Asked Questions

How do unsecured business loans work?

Unsecured business loans work by evaluating your business’s credit history and financial performance. Since there is no collateral involved, lenders rely heavily on your credit score and business stability. If approved, you receive the funds without needing to put up any assets, making it a straightforward way to access capital.

Unsecured business loans are ideal for businesses with a strong credit history and consistent revenue. Startups and small businesses in the UK with good credit ratings and solid business plans can also qualify. However, the eligibility criteria may vary between lenders.

Unsecured business loans come with several benefits. They provide quick access to funds without the need for collateral, which means less risk to your business assets. Additionally, the application process is typically faster, and you can use the funds for a variety of business needs, such as expansion, inventory purchase, or cash flow management.

The interest rate on unsecured business loans can vary depending on factors such as your credit score, business financials, and market conditions. Generally, unsecured loans have higher interest rates compared to secured loans due to the increased risk for lenders. Funding Guru strives to offer competitive rates to make borrowing affordable for businesses.

The approval process for unsecured business loans is generally quicker than for secured loans. At Funding Guru, we aim to provide a swift and efficient approval process, often delivering decisions within a few days, so you can access the funds you need without delay.

We offer competitive rates, flexible terms, and a simple application process. Our experienced team is dedicated to helping your business succeed by providing the necessary funds. With Funding Guru, you’re not just getting a loan, you’re getting a partner dedicated to helping your business succeed.

Read Our Latest Unsecured Business Loan Articles

Does Your Business Require an Unsecured Business Loan?

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Grow your business with our flexible and tailored business loans in the UK. Apply now to secure the financing your business needs.