WE can help your business grow!
What Is an Unsecured Business Loan?
An unsecured business loan is a type of loan that does not need to be secured on any assets but only requires a PG (personal guarantee). Generally, with a minimum loan of £2500 and a maximum loan of £500,000. Our process becomes extremely attractive because of the reduced amount of paperwork required. It is not necessary to have a business plan, you simply answer a short list of questions and provide some recent business figures.
Payment terms on unsecured business loans are often quite flexible, typically with anywhere from 1 to 120 months given to pay back and there are no penalties for settling the finance earlier, so if you know you have the money coming, it's the perfect solution!
Unsecured Business Loans for young Businesses
These loans can be a great opportunity when you are looking to build a young business as many creditors will not entertain you until you have at least 2 years trading under your belt, where as we have worked with people trading as little as 3 months. Business start-ups can be expensive, especially with buying materials, renting office space, paying for marketing, promotions and hiring personnel. An unsecured business loan can be obtained just 2 to 3 business days after completing the paperwork, making it a great option to grow your business rapidly.
We base our decisions on a variety of factors, how you take your payments, how long you have been trading and what your trading history is like. We are also; in some cases able to work with Directors who have had an insolvency registered.
Finding the Best Unsecured Business Loan
We are experts in recommending which finance product is right for you, and because of this you stand a far greater chance of acceptance rather than just trial and error. Just because someone offers you a loan, doesn't mean that it is the best for you, or your company, and quite often it is not the best deal or terms that you can find. WE will save you time and money as we approach each enquiry with a consultative approach.
The market is evolving, and we have our finger on the pulse. We are able to compliment existing finance you have in place and support you as your business grows.