FINANCE OPTIONS

Get an Unsecured Business Loan for Your Startup

Unsecured business loans for startups offer vital financial support without requiring collateral, enabling emerging businesses to grow confidently. With options suitable for a variety of use cases such as cash flow management, these loans provide fast decision times and flexible amounts tailored to startup needs.

Secure up to £500,000 in Unsecured Business Loans with Funding Agent.

  • Quick and easy application process
  • Loan disbursed within 24 hours
  • No additional charges for early repayment
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How does an unsecured business loan help your startup?

The primary advantage of unsecured business loans lies in not needing collateral, offering incredible flexibility in fund usage. Easy application processes and rapid delivery of funds, often within one to two weeks, make these loans attractive to startups. The rates range from 4% to 18% APR, depending on the specific loan type, making it suitable for diverse business needs.

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Quick funding access
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No collateral required
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Flexible repayment terms

What Types of business loans would benefit startups?

Short-term Unsecured Business Loans

For startups in operation for at least 6 months, these loans offer amounts between GBP 5,000 and GBP 50,000, with terms of 3 to 18 months.

Short-term Unsecured Business Loans

Short-term unsecured business loans provide a rapid decision process, typically within 1-3 business days. Interest rates range from 6% to 18% APR, and they are ideal for sectors like retail, managing seasonal inventory needs with minimal paperwork. This solution supports quick campaign launches and initial inventory purchases.

Merchant Cash Advances

These are suitable for businesses with robust card sales, advancing up to 150% of monthly card sales.

Merchant Cash Advances

Merchant cash advances afford automatic repayments aligned with your card sales, eliminating fixed monthly commitments. With decision times of just 1-2 business days, they're perfect for sectors like hospitality, aiding in vital equipment purchases. Factor rates range from 1.1 to 1.5, based on sales performance data.

Peer-to-Peer (P2P) Business Loans

These loans suit creditworthy startups with sound business plans. Amounts range from GBP 5,000 to GBP 100,000.

Peer-to-Peer (P2P) Business Loans

Peer-to-Peer business loans involve transparent personal guarantees, with lending terms ranging from 12 to 60 months. Interest rates from 4% to 15% APR cater to various sectors, such as manufacturing and tech, supporting efforts like machinery purchases and software development. Approvals typically occur within one week, with funds quickly distributed thereafter.

What is an unsecured business loan for a startup?

Application Processes and Compliance

Applications for unsecured loans often require business plans, financial statements, and credit histories. With streamlined online platforms, initial decisions can be made quickly, usually in 1-5 days. We specialise in supporting startups through these processes efficiently.

Regulatory Oversight and Compliance

Regulated by the Financial Conduct Authority (FCA), unsecured loans ensure transparent practices, safeguarding your investments. Our expertise assures compliance with all regulatory requirements, fostering trust and reliability in our service offerings.

Borrowing Capacity and Rate Details

Unsecured loans offer amounts from GBP 1,000 to GBP 250,000, influenced by turnover, credit rating, and business plan quality. Typical interest rates hover between 4% and 18% APR, with fees like origination and late payment charges potentially applicable. We provide competitive solutions tailored to your specific business requirements.

FAQ’S

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