What is an Unsecured Loan?
An unsecured business loan allows you to secure funds for your business without providing security, relying on creditworthiness and repayment ability. Providing quick capital access without risking valuable assets, unsecured loans offer flexibility for businesses on the move.
No security business 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.
Loans available from £10,000 to £750,000 for those businesses with a good credit history and trading record.
Some lenders may consider start up businesses with personal guarantees from Directors.