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To qualify for an unsecured business loan, a business should have operated for at least a year and reach minimum turnover targets of £50,000. After applying online with financial statements, a decision is usually provided within 2 to 5 working days. These loans are used for short-term funding needs like managing payroll, financing campaigns, or supporting expansion, with interest rates typically between 6% and 25% depending on creditworthiness.

Eligible businesses provide asset documentation for valuation, after which the lender assesses risk and agrees terms. Loan durations can run from 12 to 120 months and attract rates usually from 3% to 15%, affected by collateral type and value. Secured loans are common in industries with high capital requirements and are ideal for large purchases or refinancing existing debts.

Suitable for businesses with reliable invoicing processes and customers with good credit, invoice financing offers a flexible way to manage working capital. Terms usually last 30 to 90 days, with costs from 1% to 5% of invoice value per month. The process involves submitting unpaid invoices to the financier and immediately accessing most of the owed funds, making this a popular option for service-based and B2B sectors.