Make ZERO repayments for 8 weeks! Offer valid until April 30.
Learn MoreUnsecured Business Loan
Unsecured business loans let you borrow money without collateral like property or equipment. They’re a flexible option for needs like cash flow, equipment purchases, or growth opportunities. Typically short-term (3 months to 3 years), approval is based on your business’s financial health and creditworthiness.
Overview
Unsecured business loans let you borrow money without offering collateral like property or equipment. Approval is based on your credit score and financial health, making them faster and more flexible than secured loans. These loans are typically short-term (3 months to 5 years) and are ideal for covering cash flow, paying wages, or funding opportunities.
While they don’t require assets as security, unsecured loans often have higher interest rates and smaller borrowing limits because they carry more risk for lenders. If your business defaults, the lender will not normally have direct recourse against your property (like they would with a home loan), but you may still be personally liable if you've signed a director's guarantee.
Unsecured loans are a great option for short-term needs, offering quick funding without risking your business assets.
Typical Uses
- Renovating business/Move premises
- Buying inventory
- Hire/Pay employees
- Buy equipment
- Increase working capital
- For marketing
- Tax payments
Pros
- You don’t need to offer any collateral.
- Clear and predictable repayment terms.
- Minimal paperwork needed to apply.
- Can be used for a variety of business needs.
- Fast approval and funding process.
Cons
- High interest rates
- Can have harsh payment schedules
- Available for short time-frames
- May require director’s guarantee
- Often have setup / ongoing fees
Think About
- Am I struggling to meet any current repayments?
- Do I need funds now, even if it impacts future cash flow?
- Do I have outstanding bills or expenses I want to pay off?
- Am I okay sharing details about my business to apply for a loan?
Potential Lenders
Further Information
MAXIMUM LOAN AMOUNT
$500,000
MINIMUM LOAN AMOUNT
$5,000
SPEED
WITHIN 24 HOURS
INTEREST RATE
14%
MAXIMUM LOAN TERM
3 YEARS
MINIMUM LOAN TERM
3 MONTHS
Hear From Our Clients
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Awards
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