Secured vs. unsecured business loans
Currently, we offer unsecured business loans through the Coronavirus Business Interruption Loan Scheme (CBILS).
- Unsecured small business loans
- Borrow £50k – £500k
- Decision in as little as 5hrs
- Borrow over 2 – 6 yrs
- No fees for full early repayment
Funding Circle is accredited by the Government-owned British Business Bank to provide loans under the Coronavirus Business Interruption Loan Scheme (CBILS). .
What’s the difference between secured and unsecured business loans?
Unsecured Loans
£500,000
Unsecured loans
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.
If you’ve been trading for 3 years or more, you could get an unsecured loan from £50,001 to £500,000 for almost any purpose, including working capital and asset finance.
Secured Loans
£1 million
Secured loans
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
Candy from Suffolk Canine Creche tripled her turnover after getting an unsecured loan of £84,000.
She used the money to expand her popular doggy day care centre.
Quick and easy to apply
We specialise in secured and unsecured business loans, so you can get the finance you need to take your business forward in just a few days.
Check if you qualify in 30 seconds
See if you’re eligible without affecting your credit score.
Apply online in 10 minutes
Tell us about you and your business with our simple form.
Decision in as little as 5 hours
If approved, you’ll get a personalised quote typically in as little as 5 hours
Your funds arrive
Once you accept, you’ll have the money in your account in days.
Here to help if you need us
Your dedicated account manager can help explain your options in more detail. They’ll also be on hand to help throughout your application.

Need help? Call us.
It’s been fantastic. It’s really progressed our company.Nidal Al-Khail from Medina Capital Investments used his secured loan for property refurbishment.
Funding Circle was the first “marketplace lender” to join the UK’s Coronavirus Business Interruption Loan SchemeThe Financial Times, April 2020
We’re here to help
Contact our team if you have any questions.

Need help? Call us.
About us
Find out how we’re changing finance to help businesses around the world.
How it works
Learn how our secured and unsecured loans are funded by investors.