Unsecured Business Loans

Unsecured business loans give you the opportunity to quickly access finance, without the need for collateral

What is a unsecured business loan?

An unsecured business loan offers a quick and straightforward way to access funds for your small business in the UK without the need to pledge assets like property, equipment, or machinery as collateral. It’s an ideal choice if you prefer not to secure your existing assets against the loan.

How do unsecured business loans work?

Unsecured business loans offer quick access to upfront capital without collateral. These loans come in various terms to accommodate different businesses, providing fast funding, often within the same day. Repayments occur in monthly or quarterly installments within a set timeframe, with options for short-term or medium/long-term loans. Some loans may offer early repayment without fees.


What documents do I need?

  • Turnover and profit (vs. loan amount)
  • Bank statements
  • Filed accounts
  • Trading history
  • Payment history (e.g. late payments, county
  • court judgments)
  • Directors’ histories (lenders may ask for a
    personal guarantee)
  • Forecasts and business plans
  • Your clients/customers.

Pros of unsecured loans

  • You can access funds quickly and simply, compared to other types of lending.
  • You don’t need to put up any assets as security.
  • You can plan your repayments – fixed monthly payments over an agreed time period.
  • You will only pay a small upfront cost (if at all).

Cons of unsecured loans

The main downside of not offering assets as security is that lenders take on more risk than they would with a secured loan, which means they’ll most likely lend smaller amounts, over shorter time periods, and at higher interest rates. That said, if your business has a solid trading history and a good credit rating, you might be offered more favourable terms.

Personal guarantee

You may need to provide a personal guarantee as a director, putting your assets at risk if the business fails to repay. Seek professional advice before agreeing to this commitment.

Can I get an unsecured business loan with bad credit?

Yes, it is possible to get an unsecured business loan with bad credit. If you’ve tried and failed to get a loan from a high street bank, you might have more success with an alternative lender.

Click below to begin the process of applying for an unsecured business loan

The types of finance we can offer

We can offer a wide range of funding options that include the following:

Business Loans

Let us help source the right business loans for you

Commercial Mortgages

Funding for commercial mortgages and buy-to-let purchases

Property Development

A range of development finance options catered to your specific needs

Bridging Finance

Funding for that urgent purchase or refinance when time is tight

Residential Mortgages

For individuals who wish to purchase their own home

Invoice Finance

Keep cash flow moving and get paid quicker for your products and services

Portfolio Landlord

For individuals or investors who own a portfolio of properties

Asset Finance

Sourcing the equipment you need without disrupting your cash flow

Buy-To-Let Mortgages

For individuals or investors who wish to purchase residential property to let

Multiply Finance Ltd is a member of the National Association of Commercial Finance Brokers.

Multiply Finance Ltd is a member of the Federation of Small Businesses.

Get In Touch

Our finance experts are on hand to take your call, email or respond to your message.

Multiply Finance Limited,
Censeo House,
6 St Peter's Street,
St. Albans,


Multiply Finance Limited trading as Multiply Finance is an Appointed Representative of Connect IFA Limited 441505 which is Authorised and Regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference 929261. The FCA do not regulate some forms of Business Buy to Let Mortgages and Commercial Mortgages to Limited Companies. The information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. Your property may be repossessed if you do not keep up repayments on your mortgage. There will be a fee for mortgage advice, the precise amount will depend upon your circumstances.

Multiply Finance Limited Registered Address: Egale 1 80 St Albans Road, Watford, Herts, England, WD17 1DL Registered in England and Wales No: 12561172

Not all services we offer are covered by the FCA. Click here to read our Privacy Policy statement.

Commission disclosure: We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.

How to make a complaint - It is our intention to provide you with a high level of customer service at all times. If there is an occasion when we do not meet these standards and you wish to register a complaint, please write to: Compliance Department; Connect IFA Ltd, 39 Station Lane, Hornchurch, RM12 6JL or call: 01708 676110. If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service.