Business Loans

Business loans cover a very wide spectrum of lending and broadly fall into two categories: Unsecured Business Loans and Secured Business Loans.

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Unsecured Business Loans

These are loans where no asset security is required, though a personal guarantee or partial guarantee is sometimes a condition. The absence of asset security means no valuations or conveyancing are needed and the whole process is much simpler and faster than for secured loans. Up front costs are consequently also lower. Correspondingly, max loan size is lower and interest rates can be higher because the lender has no security to fall back on. Loans can be used for practically any legitimate business purpose.
The unsecured business loan market has grown rapidly in recent times. There are many lenders, with widely differing terms & conditions and appetite for risk. Decision making is fast and invariably automated, which means the credit status of your business is key, as is knowing which lender’s criteria you are most likely to fit. We understand this market well and can guide you to the best solution for your individual circumstances.

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Typical/Indicative Terms

  • Rates: from 5%
  • Min/Max loan: £10,000 to £350,000
  • Loan term: 1-5 years
  • Security: none
  • Personal guarantees: sometimes required
  • Loan purpose: boost cash flow, recruit staff, cover unexpected bills, etc
  • Payouts: fast — from 48 hours

Secured Business Loans

These are loans secured on one or more business assets, and sometimes residential property. Lender terms are generally more flexible  because they have the comfort of security. They will often offer better rates, longer repayment terms, and approve higher credit risk deals that may not be successful for an unsecured loan. Valuation and charging of assets takes time which means slower completions/pay outs.

Indicative/Typical Terms

  • Personal guarantees: sometimes required
  • Payouts: 1-4 weeks+, depending on assets pledged
  • Rates: from 2.5% over bank base rate
  • Min/Max loan : £25,000 to £10 million
  • Loan purpose: flexible/most purposes — growth/expansion, capital raising, debt consolidation, etc
  • Loan Term: 1-10 years
  • Security: charge over business assets (commercial property, plant & machinery, inventory, receivables) or residential property


Feel free to talk through a proposal with us, or seek a bit of guidance on your best options.