What are unsecured business loans?

When we talk about a business loan, we’re usually referring to one of two advances: either a secured or unsecured loan.

A secured business loan involves companies offering collateral to a lender, usually assets such as commercial properties, vehicles and equipment, whereas an unsecured business loan carries no such stipulations.

This flexibility makes unsecured business loans hugely attractive to firms still growing their operations, particularly if they don’t yet own or can’t afford to risk losing assets.

Unsecured business loans can have countless applications for enterprises both large and small. From paying suppliers to expanding your product range, from sustaining your current workforce to hiring new staff capable of enhancing your profits. There’s no end to the possibilities that this funding solution can open for your company.

What are the benefits?

  • Rapid access to business funding from £3,000 to £350,000, with no valuations and minimal legal discussions required
  • Loan terms can span from a few months to several years depending on your business needs
  • Continue to buy and sell assets as you need, free from the risk of losing them as collateral

Who are unsecured business loans best for?

As with asset based finance products such as invoice finance, unsecured business loans can help a wide array of businesses in a wide array of financial scenarios. Whether you’re an SME new to the scene or a large-scale firm with decades of industry experience.

Any company which currently doesn’t possess much collateral can stand to benefit from these loans, be they start-ups or firms operating in a sector where major assets scarcely come into play.

Why use Biz Money?

With almost ten years under our belt and our successful work with invoice finance providing over £20m of business funding in 2006, Biz Money holds the necessary experience and expertise to help your business secure its finances.

Our expert consultants can help find you a competitive deal and lenders on our panel best suited to your business’ scope, industry and requirements. We can also provide some guidance on personal guarantees in the event that your business is unable to repay a loan.

We have a policy of ensuring that all our Consultants have passed (at the very least) the foundation level exams awarded via the Asset Based Finance Association (ABFA) and being FCA regulated means we’re always striving to improve our systems and procedures to enhance our customer’s journey.

How To Find Out More

Simply complete the form at the top of this page with your details to arrange a quick call back, or get in touch with our team of consultants here to discover how an unsecured business loan could transform your firm’s future.