Unlocking Growth: Explore Unsecured Business Loans

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Unlocking Growth: Explore Unsecured Business Loans

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Unsecured Business Loans Tailored to Your Needs

Looking for a simple, hassle-free way to fund your business? With and unsecured business loan, there’s no need to offer assets as collateral. Whether you’re growing your company, managing cash flow, or investing in new opportunities, we’ll help you find the right funding solution.

At Fifty Nine Financial, we specialise in connecting businesses like yours with trusted lenders across the UK. We handle the hard work, so you can focus on what matters—your business.

Can an unsecured business loan be used for any purpose?

As a specialist finance broker, we’re able to arrange business loans in super quick time! As we are independent, this means we have access to a panel of unsecured loan providers that can cater for your needs. This can be for almost any legal purpose: 

  • Tax loans
  • VAT loans
  • Aged debt funding
  • Accountancy book purchase
  • Stock purchasing
  • Equipment finance
  • Business acquisition
  • Refurbishment costs
  • Business loan 
  • Buying into an existing business
  • Cash flow gaps
  • Any other legal purpose

 

Unsecured loans for the professional sector

An unsecured loan can typically be arranged or almost any line of business – both sole-trader and Limited Company. However, there are some lenders that specialise in helping to support businesses in the professional sectors, such as:  

  • Dentists
  • Law firms 
  • Accountancy firms
  • Veterinary 
  • Pharmacy
  • Doctors
  • Care homes
  • Chiropractors
  • Civil Engineers
  • Surveyors
  • Architects

 

Why Choose an Unsecured Business Loan?

Unsecured loans are ideal for businesses to secure funding without the need to secure against a property or other assets. Here are just a few reasons they’re so popular:

  • No Collateral Required: Keep your assets safe while accessing the funds you need.
  • Fast and Flexible: Many lenders can approve and fund your loan in just a few days.
  • Versatile Use: Use the funds however your business needs, from payroll to expansion.
  • Flexible Terms: Loan terms from 6 months to 6 years (7 years for some professionals).
  • Loan Amounts: Between £10,000 and £750,000 to suit your business needs.

 

We’re Here to Make It Simple

As experienced finance brokers, we take the stress out of finding a loan. With access to a range of lenders, we match you with a suitable loan for your unique needs. Our expertise ensures you get competitive rates and flexible terms—without spending hours searching.

How Does I Apply for an Unsecured Loan for My Business?

  1. Tell Us About Your Business: Share a few details about your company and funding needs.
  2. We Find You Loan Options: We’ll compare lenders and present tailored solutions.
  3. Get Your Funds: Once approved, receive the money quickly—sometimes within 24 hours!
 
Why Work With Us For A Business Loan?

Finding the right funding can be time-consuming and confusing. That’s where we come in:

  • Personalised Support: We’re with you every step of the way.
  • Exclusive Access: We work with lenders you won’t find elsewhere.
  • Speedy Service: Need funds quickly? We’ll help make it happen.
As a trusted local broker with clients across the UK, we combine personalised service with nationwide expertise to meet your financial needs wherever you are based.
 
Get Started Today

Ready to take the next step? Contact us to explore your options and secure the funding your business deserves.

We’ll do the hard work—so you don’t have to!

An unsecured business loan is a type of finance that doesn’t require you to put up assets, such as property or equipment, as collateral. Instead, lenders base their decision on your business’s financial health, turnover, and creditworthiness. As a result, it’s a quick and flexible solution for businesses needing cash without tying up valuable assets.

So, why not let us take the hassle out of finding the right loan? Get in touch today!

Secured loans require assets, such as property or equipment, to be used as security. This reduces the lender’s risk, which often leads to lower interest rates. In contrast, Unsecured Loans don’t require collateral, making them a popular choice for businesses that value speed and flexibility. Instead of tying up assets, business owners can access funds quickly without the need to risk their property or equipment.

Additionally, unsecured loans are often approved and completed much faster than secured loans. For businesses prioritising speed and simplicity, they can be an excellent option.

The term of an unsecured business loan typically ranges from six months to six years. That said, in some cases, particularly within the professional sector, terms can extend up to seven years.

The minimum trading history typically required for an unsecured business loan is two years, with some lenders requiring up to three years. However, specialist lenders can assist newer businesses, provided they can evidence sufficient turnover to support the loan. Get in touch to explore your options and discuss any specific requirements.

Documents Needed for an Unsecured Business Loan

The exact documents required may vary depending on the lender, but being prepared can significantly improve your chances of approval. Here’s a checklist of what most lenders typically ask for:

  • Personal Details of Key Shareholders: Provide information for shareholders holding more than 20% voting rights.
  • Business Information: Include your business turnover and details of any existing loans or borrowing.
  • Business Bank Statements: Ensure you have at least six months of recent business bank statements.
  • Full Filed Accounts: Submit your latest financial records, including the profit and loss statement and balance sheet.
  • Management Accounts: For larger loans or certain lenders, you may need to provide up-to-date management accounts to demonstrate current trading performance.

By gathering these documents in advance, you’ll streamline the application process and present your business as well-prepared and reliable to lenders. 

Some lenders may approve an unsecured loan based solely on the last six months of business bank statements. However, this often comes with a higher interest rate.

Lenders will typically require the borrower to sign a personal guarantee. A personal guarantee is a commitment to repay a loan if the business defaults. You may often hear a personal guarantee referred to as a ‘PG’. A charge against a property is not required as the loan is unsecured.

Unsecured business loans are based on your business’s financial profile rather than collateral. Lenders assess factors like your credit profile, turnover, and trading history. Once approved, you can access the funds quickly—without putting any assets at risk.

Pretty much anything—cash flow, stock, staff, tax bills or growth. We’ll match you with a lender that meets your needs.

Tell us your plans, and we’ll do the rest!

You can typically borrow anywhere from £10,000 to £750,000 with an unsecured loan. The exact amount depends on factors like your business’s financial health, annual turnover, and lender criteria. For this reason, we’ll help match you with the right lender to meet your needs.

Find out how much you could borrow—chat with us!

Unsecured business loans can often be approved and funded in as little as 24 to 48 hours, depending on the lender and your application. We’ll help you find a fast and reliable option for your business.

Need funds quickly? We’ve got you covered!

Interest rates for this type of loan vary a lot based on factors such as your business’s credit profile and the lender you choose. Rates generally range from 6.9% to 20%. We’ll help you find the most competitive rate available for your requirements. 

(rates mentioned are only examples)

Yes, it’s possible to get an unsecured business loan with bad credit. In fact, some lenders specialise in helping businesses with less-than-perfect credit. While your options may be reduced, we can help you a solution for your situation.

  • No collateral required: Keep your assets safe while getting funding.
  • Quick and flexible: Fast approval and versatile use for your business needs.
  • Easier qualification: Don’t worry about offering assets to secure funding.

Yes! Unsecured business loans are an excellent option for businesses of all sizes. We’ll help you find the right loan solution tailored to your business needs.

Applying for an unsecured business loan is easy. Simply provide details about your business, and we’ll match you with a lender. We streamline the process for you.

Yes, absolutely. As well as helping clients locally, we also support many business owners to obtain finance all over the UK. 

Some lenders will allow you to settle your loan early without penalty. With others, there may be no benefit in early settlement if interest is still be charged. 

This is another reason to use a broker to help navigate your options. 

Competitive rates

Being independent means we have access to many lenders and can find competitive rates

Specialist finance

Complex situation can often require a specialist finance provider

Fast
decisions

Need cash fast? Unsecured loans can typically be agreed and drawn down very quicky

Tailored solutions

Every situation is different. That's where we are often able to negotiate tailored solutions to your situation

Short & long term options

The term of an unsecured business loan is typically between 3 months to 6 years

Supporting UK Businesses

As a member of the NACFB – National Association of Commercial Finance Brokers, Fifty Nine Financial is able to fully support our clients with a wide range of commercial finance solutions.

Unlocking Growth: Explore Unsecured Business Loans

The Right Solution

Whatever your requirements, we will always strive to find the right solution for you and your business quickly. If you’d like to discuss an unsecured business loan in more detail Get In Touch!

Why Fifty Nine Financial?