Unsecured Loans
Access business funding without the need to use property or assets as security.
What are Unsecured Loans?
Unsecured Loans provide finance based on your business’s creditworthiness and financial performance, rather than physical collateral. They are commonly used for working capital, expansion, or covering short-term expenses.
Benefits:
- No collateral required: Ideal if you don’t want to use property or assets as security.
- Fast approval: Often quicker to arrange than secured lending.
- Flexible use: Fund cash flow, equipment, marketing, or staff costs.
- Preserve assets: Keep business and personal property separate from borrowing.
Why They Matter
Many businesses need finance but may not have assets to secure against a loan. Unsecured Loans open up access to funding while reducing the risk of tying borrowing to company or personal property.
Key Considerations
- Costs: Interest rates may be higher compared to secured loans.
- Eligibility: Lenders focus on business performance, turnover, and credit history.
- Guarantees: Personal guarantees are often required from company directors.