Secured vs. unsecured business loans
Take control of your future with finance from the business loan specialists. Apply in 10 minutes today.
Apply online in 10 minutes
Decision in as little as 1 hour
Borrow £10,000 to £500,000
Rates from 6.9% per year
What’s the difference between secured and unsecured business loans?
Unsecured loans
Loans up to £500,000
Unsecured loans allow you to borrow without giving security on any business assets, such as property or equipment. They’re a quick and easy way to get an affordable cash injection for your business.
Secured loans
Loans up to £1 million
Secured loans allow you to borrow more for your business as you can use business assets as collateral. If your business can’t pay back the loan in full, the proceeds from the sale of assets can be used to pay off the outstanding amount. It’s a great option for business finance if you want to borrow a large amount.
There are different assets you can use depending on the value and purpose of your loan:
- Typically secured against all assets of the business
- Property and large assets can also be used as security
- May also require a personal guarantee
Unsecured and secured loans for almost any purpose
- Boost your cash flow
- Grow your business
- Refurbish premises
- Cover a one-off cost
- Buy new assets
- Manage uncertainty
Applying is quick and easy
- 1
Check if you qualify in 30 seconds
See if you’re eligible without affecting your credit score
- 2
Apply online in 10 minutes
Complete our simple form with your details, and we’ll only ask for supporting documents if we need them
- 3
Get approved in as little as 1 hour
If approved, you’ll receive no-obligation offer with your personalised rate
- 4
Get your funds in a couple of days
Once you accept your offer we'll deposit the money into your account - typically within 48 hours
Here to help if you need us
Contact our UK-based team if you have any questions