Secured term loans offer the security of lower interest rates, usually from 3% to 15% annually. They often take 2 to 4 weeks to process as they require detailed financial assessments and asset evaluations. Commonly used for office expansion and acquiring substantial accounting software, they are a robust option for firms seeking solid collateral-based finance.

Unsecured term loans offer flexibility without the need for collateral, with interest rates between 7% and 25% annually. They typically have faster processing times, ranging from 1 to 2 weeks, focusing heavily on creditworthiness. They're suitable for enhancing cash flow and funding marketing campaigns for tech-forward accountancy services.

Peer-to-peer business loans provide an alternative financing solution where approval is inherently based on a solid business plan rather than just credit history, with interest rates ranging from 5% to 20%. Processes typically involve online applications, with decisions usually made within 1 to 3 weeks. They are perfect for bridging seasonal cash flow gaps or completing small tech upgrades.