FINANCE OPTIONS

130k Unsecured Business Loans - Apply Now

An unsecured business loan is a type of financing that does not require the borrower to provide physical collateral. These loans are based on the borrower's creditworthiness and business performance, offering a flexible solution for SMEs needing quick access to capital without risking business assets. They are ideal for managing cash flow, covering emergency expenses, or funding immediate business opportunities.

Unsecured Business Loans

Secure up to £500,000 in Unsecured Business Loans with Funding Agent.

  • Quick and easy application process
  • Loan disbursed within 24 hours
  • No additional charges for early repayment
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What are the benefits of 130k Unsecured Business Loans?

Unsecured business loans offer flexibility without collateral risk, allowing quick access to capital to maintain operations during market fluctuations. Borrowers can secure amounts typically ranging from £5,000 to £500,000, with decision times between 1 to 5 business days. Interest rates vary from 6% to 30% APR based on creditworthiness and lender policies, making it a convenient option for many business owners.

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What are the different types of 130k Unsecured Business Loans?

Short-Term Unsecured Loan

Short-term unsecured loans are designed for businesses operating for at least 12 months with a turnover of £50,000 or more. Borrowers can obtain amounts between £5,000 and £150,000 for periods ranging from 3 to 24 months.

Short-Term Unsecured Loan

These loans offer a fast approval process, typically finalised within 24 hours, and can be used for working capital, cash flow management, or unexpected operational expenses. Interest rates range from 6% to 30% APR, depending on the business's credit profile. They are especially popular among retail businesses managing seasonal stock and tech startups covering operation costs.

Merchant Cash Advance

The Merchant Cash Advance option is available to UK businesses with a minimum monthly card turnover of £5,000. This is an excellent choice for companies with high credit card sales.

Merchant Cash Advance

Funds between £2,500 and £300,000 can be secured quickly, aligned with sales volumes over 4 to 18 months. Factor rates of 1.2 to 1.5 apply, equating to APRs between 20% and 50%. Ideal for supporting season peaks or launching marketing initiatives, this financing option is suitable for hospitality businesses upgrading equipment.

Revolving Credit Facility

The Revolving Credit Facility suits established SMEs with a proven turnover over £100,000. It provides a flexible credit line for ongoing operational support.

Revolving Credit Facility

Offering from £10,000 to £500,000, this facility is reviewed annually and adjusted according to business needs. With interest rates ranging from 8% to 15% APR plus withdrawal fees, it supports cash flow management and business expansion across various sectors, including manufacturers and tech companies investing in R&D.

What is a 130k Unsecured Business Loan?

Application Processes and Timelines

The application for unsecured business loans generally involves an online process, submission of financial documents, and can include a soft credit check. Decisions are made swiftly, often within 24 hours, and funds are typically available within 1 to 3 business days after approval.

Regulatory and Compliance Considerations

All lenders must be authorised and regulated by the Financial Conduct Authority to ensure fair lending practices. Loan agreements should provide clear APR information and comply with the Consumer Credit Act, safeguarding borrower rights and ensuring transparency.

Factors Influencing Borrowing Capacity

The borrowing capacity in unsecured business loans ranges from £5,000 to £500,000, influenced by factors such as business revenue, creditworthiness, and financial history. Interest rates typically range from 6% to 30% APR, with potential origination and late payment fees.

FAQ’S

How much can I borrow with an unsecured business loan?
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