Unsecured business loans are available in terms of up to 5 years. They are often independent of your bank, have a quick turnaround. They provide a more flexible approach to traditional business loans and allow you to have cash available for a variety of finance hurdles.
Typically lenders look for:
- The company's business rating
- Personal credit rating
- Trading history
- The level of risk involved in lending this money (although the risk is normally reflected in the terms and conditions of the loan)
- You can borrow for all sorts of requirements such as working capital, expansion capital, asset finance or one-off business expense
- Can be higher costs associated with this kind of borrowing as it is unsecured
If you want to discuss the options available to you give us a call, send us an email or use our contact form and one of the team will get back to you.