Unsecured Business Loan in the UK

Discover your unsecured UK business loan at MJ Capital Finance today.

Whether your UK business lacks substantial assets or not, unsecured business loans stand out as the favoured and swift funding solution when in need of cash flow injections.

undraw wallet aym5







Unsecured Business Loan in the UK

What is an unsecured business loan in the UK?

Explore your unsecured UK business loan options at MJ Capital Finance today.

Regardless of whether your UK business possesses significant assets or not, unsecured business loans emerge as the preferred and rapid funding solution for addressing the need for cash flow injections.

Here are some advantages of opting for an unsecured business loan in the UK:

– Quick and straightforward loan processes, allowing businesses to borrow amounts ranging from £1,000 to over £500,000.
– No obligation to secure the loan against business or personal assets.
– Flexible repayment options tailored to your business, spanning from 30 days to five or more years.
– Almost immediate release of funds.
– Usable for any business purpose.
– Minimal hassle and paperwork, with all interest and charges agreed upon upfront.

These loans are well-suited for businesses in need of a short- to medium-term funding solution.

The initial point to consider is that unsecured business loans are exclusively accessible to established organisations and are not open to start-ups. Nevertheless, you can submit an application for this loan category after a mere four months of trading, making it an optimal solution for business growth. Additionally, eligibility for an unsecured business loan may be obtained even with a turnover as low as £10,000. Limited companies, limited liability partnerships, and sole traders all possess the capability to apply for these types of loans.

Typically, individuals applying for an unsecured business loan in the UK should possess a positive personal credit history, along with a favourable business or company credit history. It’s likely that your lender may request a personal guarantee for such loans, serving as a safeguard for the lender against defaults. For start-ups, a means to qualify for higher loans involves having director guarantees in place. For instance, if you are a homeowner, some or all of the equity in your property could be utilised to guarantee your business loan.

undraw modern professional re 3b6l 1
finance broker 2019 1
fsb 1
nacfb trans 1
icotrans 1
assetfinance logotrans 1

The experts at MJ Capital Finance can work with you to ensure there is business funding available at times when it’s needed. Why not get in touch to discuss your requirement for an unsecured business loan in more detail? We’ll happily talk you through all available options because if your business doesn’t qualify for an unsecured business loan, there are lots more loan products that could be more suitable.