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An unsecured term loan is commonly supported by trading evidence such as stable bank statements, manageable existing debt, and a credible use of funds aligned with accountancy-business spend. Typical lending terms are often 24 to 60 months, with quoted unsecured pricing in the market roughly 6.0% to 12.0% APR, depending on your credit profile and term length. Decision times are frequently around 5 to 15 business days for a complete application, and lenders may request personal guarantees in some cases.

A part-secured term loan is assessed using both your financials and the value of the security you can offer, such as a legal charge over business assets and/or a mortgage on commercial property subject to criteria. Amounts are often approximately £100k to £500k, so £450k can be more plausible where security supports the request. Typical terms are commonly 36 to 84 months, with market rates often quoted around 5.0% to 10.0% APR. Complete applications can take about 10 to 30 business days due to underwriting and security-related steps.

Secured term loans usually require stronger security, typically a charge over business assets and/or a mortgage or commercial property charge. Lenders assess trading performance and affordability, and where property is charged they also evaluate lease and property details. Typical amounts are approximately £250k to £750k, with £450k within a common achievable range when suitable security exists. Terms are often 48 to 120 months, and quoted market rates can be roughly 4.5% to 8.5% APR depending on security, term, and risk. Decision times are often 15 to 45 business days, especially where valuation and legal timescales apply.