Understanding Quick Unsecured Business Loans
Quick unsecured business loans are short to medium-term financing solutions that do not require collateral. They offer UK SMEs quick access to funds based on creditworthiness and business performance rather than asset-backed securities, supporting a wide range of business needs such as cash flow management and emergency expenses.
- 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 quick unsecured business loans?
These loans provide fast access to funds without the need for collateral, making them an ideal solution for businesses prioritising liquidity. With our platform, businesses can borrow from £1,000 to £300,000 with flexible terms and competitive rates ranging from 6% to 50% APR, ensuring you don't miss out on any business opportunities. Decisions are often made within 1 to 7 days, and funds can be available as soon as 1 day after approval.
What are the different types of quick unsecured business loans?
Short-term Unsecured Business Loans
Available for businesses operating for at least 6 months with a minimum turnover of £50,000. Borrow between £1,000 and £250,000 for terms from 3 to 18 months.
Unsecured Revolving Credit Facilities
Designed for established businesses with a minimum annual turnover of £100,000. Credit limits range from £5,000 to £250,000 with variable APRs.
Merchant Cash Advances
Perfect for businesses with card payment income, requiring a minimum of £50,000 in annual card sales. Funding ranges from £5,000 to £300,000.
What is a quick unsecured business loan?
Application Processes and Timescales
Applying for a quick unsecured business loan through our digital-first platform is fast and efficient. We offer an online application that requires basic business information and recent financial records. Decisions can be reached within 1 to 7 days, with funds available in as little as 1 day post-approval.
Regulatory and Compliance Requirements
Our lending partners adhere to UK regulations, being authorised by the Financial Conduct Authority to ensure responsible lending practices. This means SMEs can confidently secure financing without taking on unmanageable debt, positioning us as a reliable partner in your growth journey.
Borrowing Capacity and Rate Information
Quick unsecured business loans offer flexible borrowing amounts from £1,000 to £300,000. Interest rates vary from 6% to 50%, influenced by factors such as business financial health and credit score. Additional fees may include arrangement or early repayment fees, all transparently discussed, ensuring competitive financing options through our network.
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