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240k Unsecured Business Loans - Apply Now

Unsecured business loans offer a seamless solution for UK companies aiming to secure funding without collateral, allowing access to up to £500,000. These loans, determined by creditworthiness, serve multiple purposes, such as expansion and inventory purchase, without risking assets. Discover more about this offering through our unsecured business loans page.

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 240k Unsecured Business Loans?

Opting for unsecured business loans provides quick access to funds with flexible repayment terms ranging from 12 to 60 months, and interest rates between 4.9% and 35% APR. The rapid application process entails minimal financial risk, ensuring decisions within days. Navigate further details on our working capital loan information.

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Flexible funding options
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No collateral required
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What are the different types of 240k Unsecured Business Loans?

Term Loans

Term loans cater to businesses with at least two years of operation. Loans range from £10,000 to £500,000, with terms of 12 to 60 months. Learn more on our term loans page.

Term Loans

Term loans are suitable for projects requiring expansion, inventory purchases, or working capital improvements. Interest rates vary from 4.9% to 25% APR, and decisions are swift, usually made within 1 to 3 business days. Businesses in retail and manufacturing often benefit from these loans, as detailed on our dedicated Term Loans page.

Line of Credit

A line of credit benefits ongoing businesses with minimum one year of operation. It offers flexibility with amounts from £1,000 to £250,000. For further reading, visit our business line of credit section.

Line of Credit

The line of credit allows companies to handle cash flow and unexpected expenses with ease. Typically renewed annually, interest rates can range from 7% to 35% APR. These solutions are ideal for the hospitality and tech industries; more details are available on our credit facility guide.

Merchant Cash Advances

For businesses handling card payments, merchant cash advances offer rapid funding from £5,000 to £300,000. Explore more at our cash advance overview.

Merchant Cash Advances

These advances provide fast cash access, ideal for marketing initiatives or unexpected costs. The repayment is contingent upon future sales, with a typical timing of 24 to 48 hours. Retail and hospitality sectors commonly use these, as explained further on our merchant cash advances information page.

What is a 240k Unsecured Business Loan?

Application Process

The application for unsecured loans is straightforward, involving submission of financial records and completing assessments. Decision times vary from same day to a maximum of 3 business days, highlighting our fast application services, as seen on our unsecured business loans guide.

Regulatory and Compliance

Within the UK, unsecured loans are overseen by the FCA, ensuring due diligence by lenders. These regulations confirm transparency and fair practice standards, which we align with closely. Read more about compliance on our regulatory requirements page.

Borrowing Capacity

Borrowing amounts range from £1,000 to £500,000, defined by business credit and revenue. Competitive rates ensure affordability, with evaluations based on financial health. For insights into borrowing limits, consider our loan calculator.

FAQ’S

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