Unsecured Business Loan

Are you looking to acquire business funding without placing any assets? Apply now for our unsecured business loan that is the best option for you. We approve an easy and quick loan for you.

Representative 49.7% APR

Representative example: Borrowing: £1,200 Interest: 0.34% per day for up to 75 days (124% per annum, variable) Representative: 49.7% APR (variable)

pinc
  • Free, no obligation quote

  • Instant decision

  • Same day payouts

What are Unsecured Business Loans?

Business loans are meant for financing support, which proves useful during urgent needs or expenses. One can apply for these loans, either secured or unsecured, depending upon the capacity and circumstances. Unsecured business loans in the UK allow you to acquire funding for your business without putting any collateral.

Secured business loans, on the other hand, require collateral to grant significant funding. Individuals, who cannot avail of secured loans due to the lack of assets, can opt for unsecured loans.

These loans are helpful in many ways for your business, and the biggest of them is no risk factor. You are not going to lose your business asset to get funding. There is the fact that the lender needs something to approve your loan application. You may have to show monthly cash flow and credit records to the lender and get the approval accordingly.

Loanorganisation believes in flexible lending, making it convenient for businesses while borrowing funds. The biggest relaxation comes in the interest rates, which remain on the competitive side. We bring loans many features including:-

Loan Elements

  • Borrowing limit
  • Loan Term
  • Loan Purpose
  • Eligibility
  • Loan Procedure
  • Funding duration
  • Interest rates

Our Solutions

  • Up to £50000
  • 12 months to 84 months
  • Any business need or expense
  • Minimum 6 months in the same business
  • Online with minimum documentation
  • Within 24 hours
  • Affordable as per your capacity

For which purposes unsecured business loans can be used for?

Your company will have many things in favour after availing of unsecured start-up business loans. It can be an important project, hiring more staffs, planning a business tour to another city or country, seasonal changes and many more.

Many businesses fail to use the loans for the right purposes. Perhaps, they could not analyse their needs. You should not do it and be focused on your actual needs.

Here, we have mentioned some common instances where you can better utilise the loans without any fear of losing the collateral.

pic
  • Business Expansion: These loans bring the perfect funding for your business expansion. You can fund the extra cost coming in the purpose.

    Example: David has opened a coffee shop in Manchester. It is well located and doing good earning. Now, he wants to locate another coffee shop in Leeds. He has sufficient financial backup but still, need more money to accomplish the purpose. David can apply for unsecured business loans by submitting an online application.

  • Update Business Equipment: Upgrading the business equipment and technologies is another best use of these loans. Upgrading needs sufficient funding, and these loans can work for you.

    Example: Smith is running a small company. He has adequate staff and giving nice productivity. As the earning grows, you need more projects, more staff and more equipment. Now, Smith needs extra funding to purchase new computer systems and software. He can do it with these unsecured loans.

  • Financial Emergencies: You cannot guarantee the smooth cash flow all the time while running a small business. At some point in time, you will have to face some sort of financial emergency.

    Example: Dylan has been running a restaurant for the last three years. Initial years were good and brought better revenues. The pandemic has halted its progress because the restaurant was shut down due to the lockdown. Now, the restaurant has reopened but need urgent funding to fill that funding gap. These unsecured business loans are the useful lending option in such circumstances.

How My Business Can Qualify for Unsecured Business Loan?

At Loanorganisation, we have kept quite an open approach where we first analyse the qualification of certain businesses to apply for unsecured business loans for start-ups. Eligibility conditions for these loans may vary among the lenders, but ours are relatively flexible.

We first discuss with our borrowers on certain things, such as how much amount they need, what loan term they want and many more. Based on these factors, our experienced loan experts access whether they qualify for unsecured loans or not.

Despite the flexibility in the eligibility conditions, there are some general ones, such as:-

  • You must be active in the same business in the UK for the last 1 year;
  • You are doing business only in the UK;
  • Your company has the turnover of a minimum of £50000;
  • You are keeping a good cash flow with growing signs;
  • Your business has the capability of generating more revenues;
  • Your business credit score is good or at least fair.
pic

Which Factors Affect Unsecured Business Loan approval chances?

Seeking guaranteed unsecured business loans is the wish of every business owner. Is it possible every time? We are the responsible direct lender in the UK, offering affordable unsecured business loans, which suit your capacity.

100% loan acceptance may not be guaranteed, but we work hard to make it happen for you. The final decision will be taken after carefully assessing your monthly earning and loan affordability.

If we consider an overall scenario of the UK marketplace, there are some common factors that every borrower has to focus on before applying. These are:

What are the advantages of unsecured business loans for bad credit?

It is a fact that not many options are there on unsecured business loans for bad credit. If we leave the credit issue behind, we can see that not every business owner is willing to provide loan security by pledging an asset to get sufficient funding. Due to this, lenders feel unsafe in providing funds to those with poor credit.

We have opened our gates for these business owners because they may have poor credit due to unwanted circumstances. We want to give them another chance of borrowing if they seek a chance of business expansion and profitability

We have prepared specialised deals on urgent business loans for bad credit. These deals have certain advantages which we are sharing with you.

What are the Restrictions to Get Unsecured Business Loans?

Unsecured small business loans undeniably have many advantages. At the same time, some restrictions are also there for the borrowers. These limitations are available largely because you have a poor credit score or just started a new business for the first time.

Here are some possible restrictions on these unsecured business loans:-

Loanorganisation offers loans on competitive interest rates, which match your loan affordability.

We do not charge an early repayment fee. You can repay before the term ends without paying anything.

Does Unsecured Business Loan Require Personal Guarantee?

Traditional lending always asks for some sort of guarantee to fund the businesses. Does any lender offer unsecured business loans with no personal guarantee?

We have taken the initiative by providing you with the same. Yes, collateral is also not needed, and now, the guarantor is also not involved. We always believe that you have the capacity of repaying the loan in your own capacity, as you have shown during the loan process.

Adding the guarantor may snatch away your concentration from the repayment, as you think the guarantor will pay on your behalf. Moreover, you have to reveal your business financial situation to everyone, which you may hesitate.

We are ready to offer you unsecured business no guarantor loans on the given conditions:-

Our Unsecured Business Loan Process

Our loan procedure is straightforward so that you can have a better focus on your business growth

Online Loan Application

Confirm a loan deal with us by applying online for unsecured business loans. The form will hardly take 5 minutes to complete.

A Quick Assessment

Once we receive your application, our team will quickly review your personal and business details. Within 1 hour, we approve your loan.

Receive Business Funds

After our approval, you will receive the desired amount to your bank account within 2-3 hours. We are a commitment to same-day funding.

Why is Loanorganisation specialised in an unsecured personal loan?

At Loanorganisation, we work according to one direct approach where maximum people have loan approval and solutions to their business funding problems. With unsecured business and personal loans, we have marked a wide network all over the UK, opening loan opportunities for every business.

Our financial experts will assist through the loan procedure so that you submit an error-free application. They also guide you on the loan type, term and interest rates according to your affordability.

In particular, for small businesses, we have kept soft loan features including FAST FUNDING, HIGHER LOAN APPROVAL and FLEXIBLE REPAYMENTS.

You surely want to have these features when looking for quick business funding. We have been a trusted online lender for small and medium UK businesses. You can connect with us through a single query. Apply now for unsecured business loans…

Want to discuss your loan needs?

Apply now