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Unsecured Business Loans

Cash flow and growth funding for UK companies

How an unsecured business loan can support your business

An unsecured business loan gives your business access to working capital without using property, machinery or equipment as security. It can help manage cash flow, purchase stock, cover operating costs or invest in business growth. 

Because lenders offer different terms and apply their own criteria, comparing the available options can help identify finance suited to your circumstances. Causon Business Finance is a Leicestershire-based business loan broker that helps businesses across the UK compare unsecured loan options from a panel of around 25 lenders. Our role is to make that comparison easier, saving you time and helping you find competitive terms while you focus on running your business.

Call us today on 01455 250 690 to discuss an unsecured business loan or send us an email.

Unsecured business loans at a glance

man and woman man with laptop smiling discussing management buy out and acquisition finance

Loan amounts from £25,000 – £750,000

man on phone with laptop smiling discussing management buy out and acquisition finance

Rates from
0.6% per month

man and woman discussing management buy out and acquisition finance with business finance broker

Quick decisions
& fast payouts

Terms from
3 months to 6 years

Pros & cons of unsecured loans

      Pros 

  • Faster application process:
     With no asset valuation normally required, decisions and funding can be quicker than with secured borrowing, with funding available in as little as 48 hours once the required documentation has been received.
  • No business assets used as security
    You do not need to secure the loan against property, machinery or equipment.
  • Funding for a range of business needs
    Funding may be used for cash flow, stock, operating costs or planned growth.
  • Flexible repayment options
    Available terms vary between lenders and can be matched to the purpose of the funding.

      Cons

  • Interest rates may be higher
    Unsecured borrowing can cost more than a loan secured against an asset.
  • A personal guarantee may be required
    Although business assets are not used as security, a lender may ask directors or business owners to provide a personal guarantee.
  • Eligibility depends on the business
    Lenders may consider trading history, turnover, affordability and the intended use of the funds.

What can you use an unsecured business loan for?

Unsecured business loans can be used for a wide range of commercial purposes, including: 

  • Commercial property costs
  • Driving business growth (marketing, consultancy, software development costs etc.)
  • Boosting cash flow for wages or utilities
  • Purchasing stock, equipment or assets
  • Managing ongoing or unexpected costs

  • Paying off existing business borrowing, subject to affordability

  • Bridging purchases (e.g. if you’re buying from abroad or on stage payments)

Does your business qualify for an unsecured business loan?

Every lender has its own criteria, but they will usually consider:

  • How long your business has been trading
  • Its annual turnover and financial performance
  • Whether the business can afford the repayments
  • The credit profile of the business and its owners or directors
  • How much you want to borrow and what the funding will be used for
Take our 30 second assessment >

Why businesses choose Causon Business Finance

Compare loan options

We compare suitable options from our panel of lenders to help you find competitive terms for your business.

Save time

We have a streamlined process and can approach suitable lenders from our panel on your behalf.

We understand your situation

We look at your wider project and tailor solutions other lenders may overlook.

We move quickly

We know exactly what’s needed to secure the right funding, fast.

We act as part of your team

With decades of experience and access to lenders others can’t reach, we offer pragmatic support from application to payout.

FAQs

A secured business loan is backed by an asset such as property, machinery or equipment. If the business does not make the agreed repayments, the lender may be able to enforce its security against that asset.

An unsecured business loan does not use a business asset as security, although a lender may request a personal guarantee from business owners or directors. Interest rates may also be higher because the lender does not have security over an asset.

Unsecured business loans available through our panel of lenders range from £25,000 to £750,000, with repayment terms from three months to six years.

The amount and term available will depend on your business, affordability, funding requirements and the lender’s criteria.

Funding can be available in as little as 48 hours once the required documentation has been received. Timescales vary depending on the lender and the application.

Completing our assessment form will not affect your credit score. If you proceed to a formal lender application, the lender may carry out a hard search, which could affect your credit score.

You may be able to get an unsecured business loan with bad credit, as some lenders consider applications from businesses with a less-than-perfect credit history. However, the available options may be more limited, rates higher, borrowing limits lower and a personal guarantee more likely to be required.

A business loan broker can help you compare options from more than one lender, whereas applying directly limits you to that lender’s products and lending criteria.

Causon Business Finance is a credit broker, not a lender. We compare options from a panel of around 25 lenders to identify those whose criteria may suit your business and funding requirements.

It depends on the lender and your circumstances. Many lenders ask business owners or directors for a personal guarantee because the loan is not secured against a business asset.

A personal guarantee means the guarantor could become personally responsible for repaying the loan if the business cannot.

Yes. Personal Guarantee Insurance is available to company directors where a lender requires a Personal Guarantee. Causon Business Finance works with specialist provider Purbeck Insurance, who can provide further information and a quote directly. Get a Personal Guarantee Insurance quote from Purbeck

An unsecured business loan can be used to refinance existing borrowing, subject to affordability. However, taking new borrowing to repay existing loans can increase the overall cost of borrowing.

Yes. Based in Leicestershire, Causon Business Finance helps companies across the Midlands and throughout the UK explore unsecured business loan options.

“We have used Causon Business Finance for many finance agreements over 20 years, for commercial plant and machinery and vehicle purchases. Excellent help and advice throughout. We would highly recommend this company.”

Universal Fabrications, Midlands-based Manufacturer

Take our 30 second assessment

Complete our 30-second assessment and let’s get the money your business needs to thrive.
Submitting the form won’t affect your credit score.

Prefer to speak to us first? Call our team on 01455 250690


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