Unlocking Growth: Explore Unsecured Loans for your Business
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Home » Unlocking Growth: Explore Unsecured Loans for your Business
Unsecured Business Loans – specialist finance
There can be many reasons why a business may need a cash injection. Often a solution to this requirement can be an unsecured business loan.
Can an unsecured business loan be used for any purpose?
As a specialist finance broker, we’re able to arrange unsecured loans for businesses in super quick time! As we are independent, this means we have access to a wide panel of loan providers that can cater for your needs. This can be for almost any legal purpose, eg:
- Tax loans
- VAT loans
- Aged debt funding
- Accountancy book purchase
- Equipment finance
- Business acquisition
- Refurbishment costs
- Business loan
- Personal loans
- Consolidation loans
- Cash flow gaps
Unsecured loans for the professional sector
An unsecured business loan can typically be arranged or almost any line of business – both sole-trader and limited company. But 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
These types of unsecured business loans can be both regulated or unregulated, depending on the company structure. They can also be used for business or personal use.
How long is the term of an unsecured loan for a business?
When a business takes out an unsecured loan, the term can typically range between three months to five years. However, it is possible to take the term so seven years in some scenarios.
Can I take out an unsecured loan when starting a new business?
What documents do I need when applying for an unsecured business loan?
When applying for an unsecured loan through a business each lender will have differing requirements in terms of what they need. Some will be more in depth than others. At one end of the scale a lender may require the last 3 years business accounts. However, we work with a lender that can approve unsecured business loans just from the last 6 months bank statements.
Is there any security taken with these types of business loans?
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 5 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.
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?
- Access to Whole of Market
- Specialist Finance Broker
- Exceptional Customer Service
- No Upfront Fees