Get an Unsecured Business Loan for Your Startup
Unsecured business loans for startups are loans you can get without needing to offer any personal or business assets as security. They help new businesses get the funds they need quickly and easily, based on your business plan and creditworthiness.
Apply for business financing up to £500,000
- Quick and easy application process
- Loan disbursed within 24 hours
- No additional charges for early repayment
We Like To Keep Things Simple
to
£500K
zero hidden fees
How does an unsecured business loan help your startup?
Unsecured business loans for startups provide vital financial support without the need for collateral, allowing entrepreneurs to access funds quickly and easily. This type of financing is particularly helpful for new businesses that may not yet have significant assets. It enhances cash flow, enables investment in growth opportunities, and can help build creditworthiness, thus fostering a supportive environment for innovation and development.
What Types of business loans would benefit startups?
Term Loans
Fixed-amount loans repaid over a set period, without collateral.
Business Lines of Credit
Flexible credit limit startups can draw from as needed, unsecured by assets.
Invoice Financing
Loans advanced against outstanding invoices, no collateral required.
What is an unsecured business loan for a startup?
No Collateral Required but Strong Credit Needed
Unsecured business loans let startups borrow money without needing to pledge business or personal assets as collateral, but lenders rely heavily on the owner's credit score and business financials to approve the loan.
Quicker Access and Flexibility, at a Cost
These loans are often faster to obtain and can be used in various ways such as managing cash flow or funding growth, but usually come with higher interest rates and shorter repayment terms to offset the lender’s risk.
Personal Guarantees and Size Limitations
Lenders may require a personal guarantee from the business owner, meaning personal assets could be at risk if the business can’t repay, and new startups may only qualify for smaller amounts until they build a financial history.
