Business Loans

What are Unsecured Business Loans?

Unsecured Business Loans for UK firms provide an infinitely flexible method of funding solutions that can be tailored to suit the specific demands and needs of every business.

Almost all business finance requires some form of security:

Mortgages – buildings.
Asset finance – vehicles, plant/machinery or equipment.
Invoice Finance – debtor book.
Overdraft – debenture over all business assets.

However unsecured business loans are different. In most cases the only security sought, if any, is a directors personal guarantee which does not normally extend to charges against their property.

Indeed some unsecured business loans are agreed without any guarantee requirements and are advanced based on the strength of the applicant company.

Benefits of Unsecured Business Loans

Secured Business Loans offers many benefits to UK businesses, including:

Cashflow Benefits

The obvious primary benefit to getting a business loan is the immediate cashflow improvement a business receives and the options this gives it to take whatever actions it wishes to make. In most cases firms can trade through temporary hiccups with a short term cash injection, and for growth reasons additional working capital can turbo charge a businesses growth aspirations.

Growth Benefits

Without working capital, many businesses would be unable to scale their operations in the way they would wish. So small businesses never become medium businesses, and medium businesses never become large businesses. Funding, when applied in the right direction, can apply the multiplier effect in the scale of a businesses operation.

Cost Consolidation Benefits

Businesses often struggle to service existing debts that were originally set over an unrealistically short time frame, or due to a downturn in business or economic recession. Firms can improve their immediate cashflow position by consolidating existing debt over a longer term business loan. Whilst this would inevitably mean greater cost overall, it may mean the difference between a business trading through a difficult period or running out of cash.

Security Benefits

Unlike other forms of lending, business loans often require minimal or no security, with lenders basing decisions on the strength of the business’s financials. This reduces the need for collateral and personal guarantees, providing flexibility for borrowers.

Get in Touch with
Our Business Loan Team

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Access the Very Best
Interest Rates

Quick & Easy Application Process

Dedicated Account Manager Supports You

From Inquiry to Payout in Under a Week

Fee Free Brokerage Service

Access the Very Best Interest Rates

Quick & Easy Application Process

Dedicated Account Manager Supports You

From Inquiry to Payout in Under a Week

Fee Free Brokerage Service

How to Apply for Unsecured Business Loans

We make your finance journey as simple as possible.

As your trusted business finance partner, we work closely with you every step of the way to ensure a seamless process:

Consultation and Options

From your first call, email or completed webform we will act as your trusted partner, understanding your objectives and putting together options for you to consider.

Information Gathering

We may need to ask you some general business questions and ask for some financial information from you in order to carefully prepare your personalised quotation from our funding panel.

Funding Application

Once you have reviewed your no obligation quotations and are happy to proceed we will prepare your application and liaise with the lenders to secure the funding you need.

Agreement Finalization

Unlike some brokerages, we do not charge you any payments or fees for our brokerage service, so your engagement with us is entirely cost, risk and obligation free.

Deal Activation

From here we ensure everything is finally packaged and presented to the finance company who will activate your agreement and advance your loan to you quickly enabling you to benefit from access to the additional working capital.

How to Apply for Unsecured Business Loans

We make your finance journey as simple as possible.

As your trusted business finance partner, we work closely with you every step of the way to ensure a seamless process:

Consultation and Options

From your first call, email or completed webform we will act as your trusted partner, understanding your objectives and putting together options for you to consider.

Information Gathering

We may need to ask you some general business questions and ask for some financial information from you in order to carefully prepare your personalised quotation from our funding panel.

Funding Application

Once you have reviewed your no obligation quotations and are happy to proceed we will prepare your application and liaise with the lenders to secure the funding you need.

Agreement Finalization

Unlike some brokerages, we do not charge you any payments or fees for our brokerage service, so your engagement with us is entirely cost, risk and obligation free.

Deal Activation

From here we ensure everything is finally packaged and presented to the finance company who will activate your agreement and pay HMRC directly, or, subject to approval, to you, allowing you to enjoy the peace of mind that you wont incur any late payment surcharges and have the added benefit of the additional working capital.

Why choose MacManus Finance for Business Loans?

MacManus Asset Finance are the Business Moneyfacts Asset Finance Broker of the Year 2024 – awarded as a result of our incredible levels of delivering for our clients. We are a firm directly authorised and regulated by the Financial Conduct Authority and are a full member of the National Association of Commercial Finance Brokers having achieved the enhanced “NACFB Assured” status, we uphold the highest standards of integrity and regulatory compliance.

Led by a team with over 25 years of business finance experience and a track record of supporting hundreds of UK businesses, our credibility speaks for itself. Our extensive network of business finance providers, offering competitive rates and flexible terms, delivers tailored financial solutions that meet the diverse needs of businesses.

At MacManus Asset Finance, we ensure a personalized service and foster long-term partnerships with each of our clients.

Frequently Asked Questions

What finance periods are available with unsecured business loans?

Finance periods for secured business loans typically range from 3 month up to 60 months.

What rates of finance can you offer?

We will always deliver the best rate of finance possible based on your specific circumstances.

Our extensive funding panel means we can help businesses in every situation, as such every client will receive bespoke pricing based on their credit worthiness, market conditions and industry appetite that varies from time to time.

Our rates, for the best clients, are market leading and you should have no hesitation in contacting us if price is your motivator.

How long will it take to arrange the finance?

We are super quick. We will provide you with indicative terms within 5 minutes of a conversation.

When you ask us to proceed to application, we will request some financial and business information from you to support the application.

Once received your application will be sent to the finance providers within 60 minutes.

Funders have varying service times from 1 hour to 5 days, but most are around 3 days for a decision.

Once agreed we let you know and can complete very quickly from there.

Bottom line… we will move as quickly as you do and will move heaven and earth to deliver to your timescales.

Which finance companies do you work with?

We have active lines with dozens of providers, including most high street bank plus a number of niche players.

We monitor the market constantly and look to bring new lenders to our panel as they emerge.

How much do I have to pay to deal with you?

For unsecured business loans we do not charge our clients any fees at all. We are paid commission by the finance providers for successfully placing business with them, and we only get paid if we deliver a finance solution that you are happy with.

As a result we ask all clients to engage with us on the basis of good faith, in that, if we are asked to secure funding and do indeed deliver what we promised, that our clients complete the transaction with us.

Secure your business with UK’s

Business Moneyfacts Asset Finance
Broker of the Year 2024