FINANCE OPTIONS

Understanding Unsecured SME LoanS

An Unsecured SME Loan is a micro, small, and medium enterprise financing option that does not require collateral, designed to meet the financial needs of smaller enterprises in the UK. These loans are ideal for working capital, business expansion, or purchasing new equipment. With quick access to funds and flexible use of capital, SMEs can thrive without the burden of providing physical assets as collateral.

Unsecured Business Loans

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

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  • Loan disbursed within 24 hours
  • No additional charges for early repayment
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What are the benefits of an unsecured SME loan?

Unsecured SME Loans offer quick access to necessary funds without collateral requirements, ideal for small and newer businesses. Businesses can access amounts ranging from £2,500 to £500,000, depending on financial health and credit score. The decision process is swift, with initial decisions from 2 days to 3 weeks, ensuring businesses can act quickly on opportunities. Competitive interest rates ranging from 4% to 20% APR make these loans an economically viable choice.

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No collateral required
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Quick approval process
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Flexible repayment options

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What are the Types of unsecured SME loans?

Business Line of Credit

Suitable for SMEs with a minimum revenue of £50,000, offering £5,000 to £250,000. Terms range from 6 to 24 months.

Business Line of Credit

A Business Line of Credit allows managing cash flow, covering seasonal shortfalls, with interest rates between 6% to 15% APR. Decisions take 1 to 2 weeks. Retailers often use it to purchase seasonal stock, making it a versatile financial solution.

Merchant Cash Advance

For card sales exceeding £5,000 monthly, offering £2,500 to £300,000 with terms from 3 to 18 months.

Merchant Cash Advance

The Merchant Cash Advance suits short-term working capital needs, with decisions in 2 to 5 days. Repayments are sales percentage-based. Popular in hospitality sectors like restaurants for premises refurbishment.

Peer-to-Peer Business Loan

Requires 12-month trading history, providing £5,000 to £500,000, with terms from 12 to 60 months.

Peer-to-Peer Business Loan

Peer-to-Peer Business Loans offer 4% to 20% APR, depending on risk. Suitable for business expansions and new product developments. Lenders evaluate applications individually over 1 to 3 weeks, making it ideal for tech startups.

Typical Funding Journeys on Funding Agent

Submit your funding request
Our platform enriches your application using business data
Your request is matched to suitable lenders
Receive offers and proceed with the best option

Apply for an Unsecured Loan

Online Form

Complete the online application form with your business details and financial information.

Receive Offers

Compare loan offers from multiple lenders tailored to your needs and eligibility.

Secure Funding

Choose the best offer, sign the agreement, and receive your funds promptly.

Get SME funding for your business

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Real Scenarios

Construction Company Needing Fast Working Capital

Situation

A construction firm had a short-term cash gap before a large invoice was paid and needed £85,000 to cover materials and payroll.

Challenge

Traditional bank applications were too slow; they needed a decision and funds within days.

Outcome

Funding Agent matched them with a lender; they received a working capital facility and bridged the gap until the invoice was paid.

Ecommerce Business Preparing for Peak Season

Situation

An online retailer needed around £120,000 to stock up ahead of Black Friday and the Christmas rush.

Challenge

They wanted flexible terms and a quick turnaround so stock could be ordered in time.

Outcome

Through Funding Agent they secured a facility, placed orders in time and managed peak demand without cash flow stress.

Marketing Agency Using Invoice Finance

Situation

A marketing agency had strong clients and reliable invoices but often waited 60–90 days for payment.

Challenge

They needed to unlock cash tied up in unpaid invoices to pay staff and take on new projects.

Outcome

Funding Agent connected them with an invoice finance provider; they now access funds against approved invoices and smooth out cash flow.

Property Developer Using Bridging Finance

Situation

A developer needed short-term finance to complete a purchase before selling an existing property.

Challenge

They required a fast decision and flexible terms to align with the sale timeline.

Outcome

Funding Agent matched them with a bridging lender; they completed the purchase and repaid the facility when the sale completed.
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FAQ’S

How much can I borrow with an Unsecured SME Loan?
What is the decision timeframe for an Unsecured SME Loan?
What are the interest rates for Unsecured SME Loans?
What are the eligibility requirements for different loan types?

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