Unsecured Business Loan

A business term loan allows you to borrow money and repay it over an agreed period, usually with regular repayments. These loans can be either secured or not, depending on the lender and your business profile. In many cases, you won’t need to provide an asset as security, which can make access to funds more straightforward.

Every lender has different requirements, and each application form will have its own set of questions. For unsecured loans, you typically need to have a clean credit history and consistent turnover.

Plus, for most business loans, you can expect to provide business registration details, financial, tax and cash flow statements, and balance sheets.

You often don't need collateral to access a business term loan, meaning you don't need to put forward an asset in order to secure it.

If you're considering a business term loan, we can help. Fill out our quick form, and our lending experts will then get in contact to confirm your details and find the right funding solution for your needs.

A business term loan can be approved within 24 hours of your application.

You can borrow anywhere from $5,000 to $500,000 with a term loan.

Some loans require ‘security’ or ‘collateral’—such as real estate or a vehicle–that the lender can claim in the event of default to recoup any losses incurred. As a borrower, having your asset or property on the line is a good incentive to make repayments on time.

A lender’s imposition of collateral depends in part on their assessment of your creditworthiness. They base these on several factors such as your business track record and credit score. So presenting a positive picture of your company and its reputation also shapes the terms of the loan that you get.