Unsecured Business Loans UK
An unsecured business loan provides capital without requiring property or assets as collateral. Instead, lenders assess your business's financial health — turnover, profitability, cash flow, and credit history — to make a lending decision. This means faster processing and no risk to your property.
Unsecured loans are available from £1,000 to £500,000 with terms of 1-5 years. They suit a wide range of purposes: working capital, hiring, marketing, equipment, stock, and business expansion. Monthly repayments are fixed, making budgeting straightforward.
Key Benefits
- No property security — your home and assets are not at risk
- Fast decisions — often same day or next day
- Fixed monthly repayments for easy budgeting
- Available for almost any legitimate business purpose
Frequently Asked Questions
What is the difference between secured and unsecured business loans?
Secured loans require collateral (usually property) and offer lower rates but slower processing. Unsecured loans have no collateral requirement, offer faster decisions, but typically charge higher interest rates and have lower maximum amounts.
Will I need a personal guarantee?
Most unsecured business loans require a personal guarantee (PG) from directors. This means you are personally liable if the business cannot repay. Some lenders offer PG-free loans for very strong applications, though at higher rates.
How much can I borrow?
Typically up to £500k unsecured, though amounts above £250k require a strong trading history. Most first-time borrowers receive offers of £10k-£100k based on turnover and trading history.
How quickly can I get the funds?
Many alternative lenders offer same-day or next-day decisions. Once accepted, funds can be in your account within 24-48 hours. Traditional banks are slower — typically 1-4 weeks.
Related Funding Options
Unsecured Business Loans for Retail Businesses
Stock, marketing, and expansion funding for UK retailers. No property security. Fast decisions for high street and online shops.
Unsecured Business Loans for Hospitality
Funding for UK pubs, restaurants, cafes, and hotels. Refurbishments, equipment, marketing, and working capital without property security.
Unsecured Business Loans for Tech Companies
Growth funding for UK SaaS, software, and technology businesses. Fund hiring, product development, and marketing. No equity dilution.
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Learn About Our Broker NetworkCoreFi is a trading name of JG Core Ltd (Company #16218779, England & Wales). CoreFi acts as a commercial finance broker and does not provide regulated financial advice. All products described are unregulated business-to-business finance. Information on this page is for general guidance only and does not constitute a formal offer of finance. Terms, rates, and availability are subject to lender criteria and may change without notice.