Unsecured Business Loans: The simple way to borrow

Funding with Unsecured Business Loans that can be fast to arrange and affordable

GET A PERSONALISED QUOTE

Current Terms Available

Simple

  • 1 to 60 months
  • Borrow up to £250,000
  • No security required
  • Straightforward monthly repayments

Convenient

  • Fixed repayments
  • Rates from 4.9%
  • Simple directors guarantee
  • Funding can be available in 5 – 7 business days

Flexible

  • Funds for any legal purpose
  • Flexible solutions
  • Terms to suit your needs
  • Early repayments without penalty

Talk to Rangewell – the business finance experts

There are many lenders who can offer unsecured loans - but the rates and terms can very greatly. We search the entire market to find lenders who can deliver the most competitive unsecured business funding for your business.

Unsecured Loans provide a simple way for your business to borrow smaller sums, from as little as a few thousand pounds up to £250,000, and in some circumstances even more.

Like other types of lending, Unsecured Loans provide a cash lump sum, which you agree to pay back with interest, usually with fixed monthly repayments.

They are simple to arrange and work much like a personal loan. The lender will make the decision whether or not to lend based on a number of factors, including the credit rating of your business.

They differ from Secured Loans in that nothing is required as collateral or security. This means if something goes wrong, and you’re unable to keep up repayments on your loan, the lender is not able to seize any of your assets.

However, the lender will expect a personal guarantee from you and your partners and co-directors, which will mean that you would be required to make the repayments if your business could not.

Flexible lending

Unsecured Loans can be arranged over a period of time to suit you, often from 1 - 60 months. Interest rates may vary according to the length of your loan, and with some lenders, you may be able to repay early, reducing the amount you pay overall.

The disadvantage of Unsecured Loans

Unsecured Loans mean more risk for lenders. Because of this they usually include higher interest rates than Secured business loans, which means your business will pay more over the life of the loan than it might have done for a Secured Loan.

Getting unbiased, expert advice can help you ensure that an Unsecured Loan really is best for your needs.

Simple applications

Applications can be straightforward, and many lenders now prefer to keep paperwork to a minimum.

Unlike Secured Loans, there is no need for valuations and inspections, although lenders will need to look at your business to ensure that they will be repaid.

Traditional lenders may still wish to see paper documents, such as accounts, to help prove that your business can afford to make repayments, but online loan providers may take a different approach. Some are able to make lending decisions based purely on your publicly available online information.

For larger sums, some lenders may ask you to upload documents directly to a secure area of their website.

Why you need Rangewell to arrange an Unsecured Loan

There are many Unsecured loan providers, ranging from high street banks and the new generation of challenger banks to specialist, niche and p2p providers. Their rates and terms can vary substantially, and some providers may only be able to offer their most competitive rates for loans of particular sizes and lengths of time.

Some lenders tend to specialise in certain business sectors, where they have more experience of the risks and opportunities involved.

Finding the right lender is essential to minimise the cost of borrowing.

At Rangewell we work with you to understand your borrowing needs, and then use our knowledge of the entire UK market to find the lenders who can offer the most competitive deal.

We are unbiased, and because we look at all types of lending, we’ll be able to see if an Unsecured Loan really is the solution for your needs – or whether some other kind of borrowing could cost you less.

REAL EXAMPLES OF WHAT WE CAN DO

  • Find an unsecured £50,000 for a company that had only been in business for under a year

  • Source a £25,000 loan to upgrade a production line

  • Set up funding for a business in a Creditors Voluntary Agreement

  • Find a loan at a rate 25% lower than the borrower had previously been offered

  • Find an unsecured loan of £200,000 for a company in a turnaround

​​​​​Why you should call us

Remember, if you are unsure about what kind of borrowing you need our team of business experts are ready to provide help and support.

Our service is unique because we cover the entire UK lending market, and put the skills and knowledge of our experts to work for you.

So coming to Rangewell means an expert who can work with you, find answers to fit your turnover and other obligations, and help you with your application, as well as finding the most suitable lenders.

Our service is personal – when you call us, we can explain the options – and find you the solutions you need.

What people say about Unsecured Loans...

We had been trading for a year. It was enough to let us build up a business credit history, and enough to let us get the loan we wanted.

Business was steady, but we borrowed to bring in new stock, and things really took off.

Cashflow is always an issue for us. We took out a loan which gave us a cash reserve, and allowed us to bring in new IT.

Helping you build your profits

Simple to apply

Many lenders now accept online applications. Some may want to see your online accounts and VAT returns, but some will need no paperwork for smaller sums.

Fast decisions and rapid funding

The new generation of lenders can often provide cash in your business account on the same day that you apply.

Borrow for any purpose

You can borrow to invest in your business growth, or to deal with a short-term cashflow shortfall. At Rangewell we can help you find the right type of funding for your need.

Fixed repayments

Your repayments can be fixed for the life of the loan, making it easy for you to budget ahead. Some lenders allow early repayment without penalties.

Finding a specialist lender

Some lenders focus on particular business sectors. At Rangewell, we can help you find the lenders who will understand your business, saving you time and reducing your costs.

Getting the most competitive rate

The interest rates and other costs charged by unsecured lenders can vary. At Rangewell, we can help you find the most competitive lender for the loan you want.

Download Rangewell’s free and detailed guide to Unsecured Loans

Unsecured Loans
  • How do Unsecured Loans work?

  • What are the options?

  • How can you apply?

  • What are the costs?

  • What are the restrictions?

  • The downsides of borrowing

  • Paperwork you need to provide with your application

  • Key terms to check

Applications may be more difficult

Unsecured Business Loans may be harder to qualify for than a Secured Loan. If your business has a poor or non-existent credit history, the lender may not approve your application.

Your credit rating may be at risk

Your personal, as well as your business credit rating may be affected if you don’t keep up repayments on an Unsecured Business Loan.

Costs may be higher

Lenders will price loans based on the risk they believe they are exposed to. As lenders face a greater potential risk with Unsecured lending, interest rates may be higher, increasing your costs.

Our service is...

Impartial

Transparent and independent, treating all lenders equally, finding the best deals.

In-depth

Every type of finance for every type of business from the entire market - over 300 lenders.

In-person

Specialist Finance Experts support you every step of the way.

Free

We make no charge of any kind when we help you find the loan you need.