What is an unsecured business loan?
An unsecured business loan allows you to borrow without being asked to commit any collateral. Many business loans are directly secured to, specific commercial or personal assets.
Traditional lenders often ask for the family home or other assets as security before issuing finance, or may ask you for a personal guarantee. They want some assurance that if the business can’t repay the loan, they have another way to claw back at least some of their money.
Because unsecured loans are not tied to an asset, they can be set up quickly, with minimal paperwork. This makes them more useful in a fast-moving commercial environment.
Let your business benefit with a unsecured business loan.
Growing your product range:
A loan can help extend your product range, by funding research, development and purchasing. You could adjust an existing product for a new market, or start selling something entirely new.
Growing your market share:
Reach out to new customers with a targeted marketing campaign. An unsecured business loan can fund high quality brand promotion, helping you secure a bigger customer base.
Growing your reputation:
Quality of service is really important to customers, who increasingly share their reviews of businesses and products online. Taking out the best unsecured loan gives you the funds to train your staff in excellent customer service.
Growing your team
New staff can give productivity a real boost, but it can be a while before this converts into profitable returns. A business loan makes it easier for you to recruit the right staff and grow.
Unsecured business loans offer considerable benefits to both established and growing businesses. Traditional lenders consider unsecured loans to be risky. Best business loans offer this convenient form of finance without asking for security.
We offer unsecured loans because we’re confident in our instant computer algorithms delivering answers. This allows us to forward the money into your bank account same day.