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.

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The 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 – all forms of lending require some form of security offered by the borrower to the lender. Overdrafts, for example, will typically require the business to offer a debenture over all business assets to their bank. Sometimes this can extend to charges over directors’ homes. Security for Business Loans, on the other hand, is often entirely unsecured. The lender will underwrite on the strength of the businesses financial information and in many cases is happy to lend on an unsecured basis. Where security is needed it is mainly in the form of an unsupported directors guarantee which does not extend as far as requiring charges against directors primary residential property.

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 Business Loans for Cashflow, Growth or Consolidation

MacManus Asset Finance is a leading independent UK asset finance brokerage, trading since 2005. We’ve helped hundreds of British firms access competitive unsecured business loans to assist their businesses growth via our huge panel of finance providers. We’re authorised and regulated by the Financial Conduct Authority.

How to apply for Unsecured Business Loans with MacManus Finance

We make your Unsecured Business Loan journey as simple as possible.

  • 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.
  • 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.
  • 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.
  • 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.
  • Once agreed we will ensure that completion happens efficiently and to your timescales.

Why choose MacManus Finance for Unsecured Business Loans?

UK firms are well advised to engage the service of a skilled independent brokerage who can save them time and money by accessing the widest panel of options, who are Authorised and Regulated by the Financial Conduct Authority, as this requires firms to demonstrate the highest standards of integrity and submit to consistent monitoring of activities, providing the business owner with confidence in the firm they have chosen to work with.

MacManus Asset Finance are one such firm – directly authorised by the Financial Conduct Authority, and with a customer base of almost 300 UK businesses whom we have supported for over 15 years.

This credibility combined with an extensive panel of finance providers, including some of the best priced, and most flexible lenders in the marketplace provides a winning combination.

Our business motto is “Never Just a Number” – and we take pride that our clients never feel like they are just a number to us, as so many business owners are made to feel by larger financial institutions.

Your business success is our business success, we never take our clients for granted, and will always aim to deliver more than our clients expect.

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?

Nothing. Zero. Not a penny!

For secured 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.

Reasons to use Unsecured Business Loans

Unsecured Business Loans can be arranged typically from 3 months up to 60 months and can therefore solve a wide number of issues from very short term to longer term funding requirements.

Typically a business loan is a suitable option if none of the above facilities are more appropriate to the purpose funding is required for.

A business may need a 3 to 12 month loan to cover an unexpected event for which funding is immediately required but can be cleared very quickly by future revenue or perhaps a lump sum of funds due to be received shortly.

Examples of this could be to cover tax bills, insurance premiums, a bad debt, clients changing payment terms, a vehicle or asset breakdown or other short term cashflow blip.

Unsecured Business Loans between 1 and 5 years are often sought for medium to long term requirements. These can include investment in growth to fund new staff costs with turnover increases taking time to catch up with the immediate additional employment cost.

Other examples can include refurbishment of commercial property, other business debt consolidation, funding to buy out a shareholder, to assist in providing liquidity to trade through an industry or general economic downturn or recession.

MacManus Asset Finance Ltd Registered Office:Britannia House, Caerphilly Business Park, Caerphilly  CF83 3GG.  Company Registration Number: 5785432 MacManus Asset Finance Ltd is Authorised and Regulated by the Financial Conduct Authority. Firm Number 821663. MacManus Asset Finance Ltd is an independent asset finance brokerage not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice. MacManus Asset Finance Ltd may receive payments(s) or other benefit from the finance provider if you decide to enter into an agreement with them.