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Unsecured business loans are ideal if you have at least 6 months of trading history and meet minimum turnover criteria. They offer between £1,000 and £50,000 without the need for collateral, often at APRs between 6% and 25%. The straightforward application involves a credit check and income proof. Freelancers and sole proprietors benefit from the quick funding for uses like marketing or small renovations.

With a business overdraft, you secure a revolving credit facility attached to your business bank account, typically arranged within a week. Overdrafts are ideal for managing unexpected expenses and cash flow fluctuations, with variable interest between 10% and 30% EAR. They suit retailers or seasonal businesses who need flexible, on-demand funds without formal loan arrangements.

Invoice finance is suitable if you regularly invoice other businesses and those invoices meet a minimum value. You typically receive a large percentage of the invoice value within 24 hours to a week, helping bridge cash flow gaps. Fees are generally 1% to 5% per month, and funds are released once your client settles the invoice, making this ideal for agencies and consultants.