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Answer a few questions for us to understand your business' needs
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We will advise which options could be suitable for your business
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We'll present any offers available for your business. You choose the one that best suits your business.
An unsecured business loan is a type of commercial finance that enables a company to access funds without providing any form of collateral or business asset as security. These loans are granted based on the creditworthiness of the business, its financial performance, and in some cases, a director’s personal guarantee. As there is no asset involved, these loans typically carry higher interest rates than secured options but are faster to arrange and easier to obtain for businesses with good credit profiles.
Unsecured business loans come in various formats, including fixed-term instalment loans, flexible revolving credit facilities, and merchant cash advances. Some lenders offer tailored unsecured loans for specific needs such as working capital or business expansion, while others may provide funding based on projected revenue or card terminal sales.
Working capital, expansion, stock purchase or covering cash flow gaps.
Compare Business Funding will explore the most suitable lenders based on your business profile, credit score, and loan amount.
Complete the application form and our team will speak to you to fully understand your requirement and request the documentation required.
Once approved, you’ll receive an offer outlining the loan amount, repayment schedule, interest rate, and any fees involved.
The funds are deposited into your business account. You then make the agreed repayments over the agreed term.
At Compare Business Loans, we make it easy to compare a full range of business loan options from top UK lenders.
Whether you're looking for unsecured business loans, secured loans, start-up loans, working capital finance, short-term business funding, or any other type of loan, our specialised partners, expert business finance brokers, help you find the best deal for your business, saving you time, money, and hassle.
Quick online quotes
Transparent fees and terms
Wide range of finance providers
No-obligation comparisons
The main advantage is that your business retains control of its assets while still accessing vital funds. Approval processes are generally quicker than for secured loans, and documentation requirements are often less stringent. These loans are also highly flexible, allowing businesses to use the capital for a wide range of purposes, from marketing and hiring staff to purchasing stock or funding a refurbishment.
Unsecured business loans are particularly useful for companies looking to act quickly on growth opportunities, such as purchasing inventory in bulk, covering seasonal cash flow gaps, managing payroll during low-income periods, or launching a new product or service. They are ideal when time is of the essence and collateral isn’t readily available.
Because they represent a higher risk to lenders, unsecured loans tend to have stricter eligibility criteria and carry higher interest rates. A personal guarantee is commonly required, which places some responsibility on the business owner or director if the loan is not repaid. Additionally, strong business credit and solid revenue history improve the chances of favourable terms.
Loan amounts typically range from £10,000 up to £500,000, though this varies by lender and business profile.
In most cases, yes, especially if the business is limited and has no assets to secure the loan.
Many lenders allow early repayment, although some may charge exit fees or lost interest. It’s important to check the terms.
Your credit score, trading history, annual turnover, and cash flow all play a role in determining loan eligibility and terms.
Once approved, funds can often be deposited within 24 to 72 hours, depending on the lender’s processing time.
