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Unsecured and Secured Business Loans

Inject capital in a way to best suit your business.


As the names suggests you can have a ‘secured business loan’ or you can have an ‘unsecured business loan’.

A business loan is the most common form of finance for SMEs and is one of the first options considered by a business when they need to raise capital. The business borrows a set amount and repays both the capital and interest over a set period of time. 

Secured business loan – Usually used where the borrowing amount is larger, needed over a longer term. The interest rate is often cheaper due to security being offered to the lender, however set up costs i.e. valuations and legal fees can bump up the initial cost.

Unsecured business loan – A misleading phrase as the loans are not unsecured. They do not require tangible security but will still need a personal guarantee and sometimes a company guarantee. These are often quick to implement due to the lack of legal work and valuation however the interest rate is reflective of this and is usually more expensive than a secured facility.

Unsecured & Secured Business Loans FAQs

How long can I borrow for?

Secured business loan – up to 25 years

Unsecured business loan – between 3 months and 5 years

Will I need to give security?

Yes. If you are using a secured loan you will need to provide tangible security. If using an unsecured business loan, you will need to provide personal guarantees and possible company guarantees. Check out our blog to see the different types of security used in borrowing.

Why work with us?

We will work with you to determine the best solution for your specific circumstances. Making sure that you have the right funding in place will make sure it remains manageable and fit for purpose. It is often tempting to borrow for longer than is needed to help manage down monthly repayments however the benefit of the capital will diminish for quicker than it takes to repay the borrowing and you can often end up giving security that would not have otherwise been necessary. We agree regular review points with you make sure that the funding in place is appropriate and fit for purpose. We help you assess the lending landscape and understand what is available. Our whole of market offering will help you get the right finance at the best price.

Simplifying access to finance

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