Unsecured Business Loans

An unsecured business loan is an ideal solution for new companies with limited assets or those that prefer not to offer collateral. It’s also a great option for established businesses that are growing rapidly and need additional funds to meet increasing demand or undertake large projects. This type of loan is particularly suited to online-based businesses with few physical assets, such as office space.

Unsecured business loans are straightforward with minimal legal requirements, and you don’t need to provide a valuation or assets as security. This makes it a fast and efficient way to secure financing. Since traditional bank loans often come with high rejection rates in these circumstances, an unsecured business loan provides a reliable alternative to get the capital you need.

You can borrow over several years and choose your repayment period based on your business’s financial situation. However, due to the higher risk compared to secured loans, interest rates can be higher.

A personal guarantee is typically required, meaning a director or key company member will need to repay the loan if the business is unable to do so. Unsecured business loans can be a bit complex, but at Green Fern Mortgages, we’re here to guide you through the process. We’ll explain all your options in simple terms, asking the right questions about your business and goals to find the best solution for your needs. With our experience, we’ll help your business reach its full potential.