Unsecured Business Loans
including Merchant Cash Advances, offer flexible funding support for businesses that require a working capital boost or quick cash injection
This is our most popular option. An unsecured business loan allows a business owner of a limited company to access finance without having to use company assets as security. As well as an option for businesses with no assets, unsecured business loans could suit companies that would rather not put forward their valuable assets as security.
You may, however, have to provide a personal guarantee or a director’s guarantee. This means if your business can’t repay the loan, you’ll have to step in and repay it.
How can I get an unsecured business loan?
There are various ways to get an unsecured business loan. You could approach a high street bank for financial broker, or use a lending marketplace like Bounce Funding Your business needs to have been registered in the UK for a minimum of six months and have a minimum turnover of around £2,000 per month.
To speed up the application process, prepare these documents:
- Recent business current account statements
- 6-month annual returns (profit and loss accounts)
- Full Financial accounts (matching those filed with HMRC)
- 6-month trading history
- Personal guarantee from a director
