Unsecured business loans are issued and supported only by the borrower’s creditworthiness, rather than by any type of collateral. An unsecured loan is one that is obtained without the use of property as collateral for the loan.
Unsecured loans can be revolving or term loans. A revolving loan is a loan that has a credit limit that can be spent, repaid and spent again. Term loans, in contrast, are loans that the borrower repays in equal instalments until the loan is paid off at the end of its term. While these types of loans are often affiliated with secured loans such as mortgages and car loans, there are also unsecured term loans. A consolidation loan to pay off credit cards or a signature loan from a bank would be considered unsecured term loans.
We provide unsecured finance and handle the entire process from application to acceptance. Our business loans include unsecured loans from £5,000 -£250,000 (may require a Director guarantee).
In order to be eligible you must be:
Unsecured loans can provide an alternative to bank finance and can be available to clients with adverse credit ratings. Get it touch with your requirements and we will provide a free illustration of the costs (subject to full application).
For further information and advice please don’t hesitate to contact us for a no obligation discussion.
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