Tag : unsecured

Does OnDeck Offer Unsecured Business Loans? #business #partners


#unsecured business loans

#

OnDeck

Does OnDeck Offer Unsecured Business Loans?

OnDeck loans are secured by a general lien on business assets but are not dependent upon the value of specific assets, unlike traditional bank loans

Interested in financing for your business? Get a true loan decision in minutes with OnDeck.

Many small business owners are interested in a loan or line of credit for their business, but don’t have enough specific collateral that a bank may require, such as real estate, inventory or other hard assets.

Banks generally underwrite loans based on the value of specific assets and take liens on those specific assets. In this way, the bank can significantly reduce its lending risk. This process can be difficult for business owners whose assets are not valued highly by a bank or whose assets are difficult to value or sell.

Why are OnDeck loans different?

OnDeck makes loan approvals to small businesses based on business fundamentals like cash flow, not based on the value of business assets. OnDeck has a proprietary way of determining who it lends to – the OnDeck Score® – which focuses on the overall health of your business. The existence of specific hard assets doesn’t factor in our analysis of business health. When a small business takes a term loan from OnDeck, a general lien is placed on the business’s assets until the loan has been paid off (OnDeck lines of credit are unsecured). The business owner is also required to give a personal guarantee for the loan, but there is no lien on the owner’s personal assets. In this way, business owners can get funding from $5,000 – $250,000 in as fast as one business day without needing a specific amount of real estate, inventory or other hard assets and without needing to have their specific assets appraised and valued.

So if you’re a business owner that has a strong business but you’re not sure about the value of your specific assets or collateral, consider applying with OnDeck and you could get a decision for your business in minutes.

Compare Loan Requirements



Quick unsecured business loans #small #business #grants


#quick business loans

#

NAB QuickBiz Loan

This loan is available only as fixed interest rate principal and interest loan for a 12 or 24 month term with monthly repayments at a rate of 13.85% per annum. Variable rate loan and interest only loans are not available. Economic costs may be payable if you terminate early. If this does not work for you, we have other loan options that may better suit your needs.

You can only receive funds from one approved NAB QuickBiz Loan every 90 days.

Fast online decision is subject to credit assessment and ID verification

This loan is only available for loans which are wholly or predominately for business purposes. This loan cannot be used to make payments to the Australian Tax Office.

Your business must have been in operation for at least 12 months and have a valid Australian Business Number (ABN).

You need to be at least 18 years or older to apply and hold an Australian citizenship or permanent residency.

This loan is only available for sole traders, business partnerships with 2 or less individual partners, and companies with 2 or less directors borrowing in their own right. It is not available for joint borrowers who are not partnerships, or partnerships where one or more partner is a company. It is not available if you are borrowing as trustee of a trust.

Any shareholders of companies listed in the application must be individuals, and not companies.

If you are an existing NAB Customer, you must have operated all accounts in accordance with the terms of those accounts.

If you are an existing NAB Customer, you can only apply for this loan if you have less than $1m in existing business lending and less than $100k in unsecured business lending with NAB (inclusive of this application).

You must have an Australian bank account, in the same name as your business, to receive your funds.

NAB may have other options which suit your business better if you do not meet the conditions for this loan. You can contact us 13 10 12 to discuss.



Unsecured Business Loans for Collateral-Free Cash #business #at #home


#unsecured business loans

#

Credit Cards

Banking

Investing

Mortgages

Loans

Insurance

Credit Cards

Banking

Investing

Mortgages

Loans

Insurance

Unsecured Business Loans for Collateral-Free Cash

You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here’s how we make money .

An unsecured business loan has an attractive advantage over a secured loan: You don’t have to put up collateral, such as your home, your business equipment or inventory. So if your small business goes south and you can’t repay the loan, the lender cannot seize your personal or business assets.

Unsecured loans, however, will likely carry a higher APR than secured business loans, but they typically come with higher approval rates and faster funding. Although you don’t need collateral to qualify, you may still need strong business revenue, several years of operating history and fair or better personal credit — though this will depend on the individual lender’s requirements.

Here are five alternative lenders offering unsecured business loans or lines of credit of up to $100,000.

JUMP TO OUR RECOMMENDATIONS:

Lending Club: Lowest borrowing costs among online lenders for unsecured term loans and lines of credit.

OnDeck: Solid choice for an unsecured line of credit for working capital needs and handling unexpected expenses.

StreetShares: Good choice if you have strong credit and need working capital at a competitive APR.

Kabbage: Can be a smart option if you have bad credit and need working capital fast.

Fundbox: Sound choice if you have unpaid customer invoices and want to avoid a credit check.

Unsecured business loans: Summary of funding options.

If you want a term loan or line of credit with low rates: Lending Club

Lending Club’s APR ranges from 8% to 32%, making its loans and lines of credit slightly more expensive than SBA loans but the lowest among unsecured funding options online.

Lending Club also has less stringent requirements than banks, which typically require excellent personal credit and collateral to back loans. The lender requires a minimum 600 credit score, but collateral is only needed on loans and lines of greater than $100,000.

Before you apply for a Lending Club line of credit, find out whether you meet the minimum qualifications.

  • 600+ personal credit score.
  • 2+ years in business.
  • $75,000+ in annual revenue.
  • Own at least 20% of the business.
  • No recent bankruptcies or tax liens.
  • Provide collateral for loans and lines of credit of more than $100,000.

Lending Club is currently unavailable to borrowers in Iowa and Idaho.

If you need cash for working capital or unexpected expenses: OnDeck

OnDeck’s unsecured business line of credit is a good option for business owners who need working capital to manage cash flow or handle unexpected expenses. OnDeck’s APR is slightly higher than Lending Club’s borrowing costs, but requirements are less stringent. To qualify, you need at least a 600 personal credit score, nine months in business and $75,000 in annual revenue.
Each draw on the line of credit is repaid weekly over a period of six months, and borrowers can choose to repay sooner to save on interest with no prepayment penalties.

OnDeck’s line of credit doesn’t require a lien on your business’s assets, although you still have to sign a personal guarantee, which makes you personally liable for repaying the debt if your business fails to.

Before you apply for a OnDeck line of credit, find out whether you meet the lender s minimum qualifications.

  • 600+ personal credit score.
  • 9+ months in business.
  • $75,000+ in annual revenue.
  • No bankruptcies in the last two years.
  • Personal guarantee required.

If you need working capital and have good credit: StreetShares

When you have strong credit and need working capital at a competitive rate, StreetShares is a good option but the maximum loan or line of credit you can qualify for is 20% of your annual revenue. To qualify for StreetShares, you need a personal credit score of 600 or more, a year in business and $25,000 in revenue. The lender offers term loans and lines of credit of up to $100,000, with no collateral required. The possible drawback is the 20% cap: For example, if your business makes $300,000 per year, you can qualify for a loan of up to $60,000.

Before you apply for a StreetShares loan, find out whether you meet the lender s minimum qualifications.

  • 600+ personal credit score.
  • 1+ year in business.
  • $25,000+ in annual revenue.*
  • No bankruptcies in the past three years.
  • No current tax liens or collections (unless you have proper documentation).

You only need 6 months in business if you have $100,000+ in revenue.
StreetShares is currently unavailable to borrowers in North Dakota or South Dakota.

If you need working capital and have bad credit: Kabbage

Kabbage is a good option for borrowers with bad credit who need fast cash for short-term expenses; the company does not have a minimum credit score to qualify.

Funding is fast: Once approved, you can get access to funds immediately or, at most, within a few days. You’ll pay more for it, however, as Kabbage’s loan ranges from 32% to 108% APR. With a short repayment time frame and a higher APR, it’s likely not your best option for a large expense, such a new piece of expensive equipment for your company. Keep in mind that each new draw from the line starts its own six- or 12-month term with its own fee structure, so the cost of borrowing will increase.

Before you apply for a Kabbage loan, find out whether you meet the minimum qualifications.

  • No minimum personal credit score required.
  • 1+ year in business.
  • $50,000+ in annual revenue.
  • A business checking or online payment platform required.

If you have unpaid invoices and want to avoid a credit check: Fundbox

Fundbox is a good option if your business has unpaid customer invoices up to $100,000. The lender provides an unsecured cash advance (no collateral or personal guarantee required) for up to 100% of the value of your invoices, starting at $500. The company provides instant approval, with funding typically in one to three business days.

After receiving the cash advance, you’ll repay it in 12 equal weekly installments, plus a fee. If your customer ends up paying you before then, you can repay the advance in full to save on fees, with no penalties.

Before you apply for Fundbox’s invoice financing, find out whether you meet the lender s minimum qualifications.

  • No minimum personal credit score required.
  • No minimum annual revenue required.
  • Must use online accounting software that can link to Fundbox (such as Quickbooks, FreshBooks, Harvest).

You may also like

Lender reviews

See how different lenders stack up in NerdWallet’s expert reviews

We want to hear from you and encourage a lively discussion among our users. Please help us keep our site clean and safe by following our posting guidelines. and avoid disclosing personal or sensitive information such as bank account or phone numbers. Any comments posted under NerdWallet’s official account are not reviewed or endorsed by representatives of financial institutions affiliated with the reviewed products, unless explicitly stated otherwise.

2016 NerdWallet, Inc. All Rights Reserved

Disclaimer: NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions. Pre-qualified offers are not binding. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly.

Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools, blog content and editorial reviews are based on objective analysis. For more information, please see our Advertiser Disclosure .



Quick unsecured business loans #business #plan #software


#quick business loans

#

NAB QuickBiz Loan

This loan is available only as fixed interest rate principal and interest loan for a 12 or 24 month term with monthly repayments at a rate of 13.85% per annum. Variable rate loan and interest only loans are not available. Economic costs may be payable if you terminate early. If this does not work for you, we have other loan options that may better suit your needs.

You can only receive funds from one approved NAB QuickBiz Loan every 90 days.

Fast online decision is subject to credit assessment and ID verification

This loan is only available for loans which are wholly or predominately for business purposes. This loan cannot be used to make payments to the Australian Tax Office.

Your business must have been in operation for at least 12 months and have a valid Australian Business Number (ABN).

You need to be at least 18 years or older to apply and hold an Australian citizenship or permanent residency.

This loan is only available for sole traders, business partnerships with 2 or less individual partners, and companies with 2 or less directors borrowing in their own right. It is not available for joint borrowers who are not partnerships, or partnerships where one or more partner is a company. It is not available if you are borrowing as trustee of a trust.

Any shareholders of companies listed in the application must be individuals, and not companies.

If you are an existing NAB Customer, you must have operated all accounts in accordance with the terms of those accounts.

If you are an existing NAB Customer, you can only apply for this loan if you have less than $1m in existing business lending and less than $100k in unsecured business lending with NAB (inclusive of this application).

You must have an Australian bank account, in the same name as your business, to receive your funds.

NAB may have other options which suit your business better if you do not meet the conditions for this loan. You can contact us 13 10 12 to discuss.



Unsecured Business Loans for Collateral-Free Cash #local #business #listings


#unsecured business loans

#

Credit Cards

Banking

Investing

Mortgages

Loans

Insurance

Credit Cards

Banking

Investing

Mortgages

Loans

Insurance

Unsecured Business Loans for Collateral-Free Cash

You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here’s how we make money .

An unsecured business loan has an attractive advantage over a secured loan: You don’t have to put up collateral, such as your home, your business equipment or inventory. So if your small business goes south and you can’t repay the loan, the lender cannot seize your personal or business assets.

Unsecured loans, however, will likely carry a higher APR than secured business loans, but they typically come with higher approval rates and faster funding. Although you don’t need collateral to qualify, you may still need strong business revenue, several years of operating history and fair or better personal credit — though this will depend on the individual lender’s requirements.

Here are five alternative lenders offering unsecured business loans or lines of credit of up to $100,000.

JUMP TO OUR RECOMMENDATIONS:

Lending Club: Lowest borrowing costs among online lenders for unsecured term loans and lines of credit.

OnDeck: Solid choice for an unsecured line of credit for working capital needs and handling unexpected expenses.

StreetShares: Good choice if you have strong credit and need working capital at a competitive APR.

Kabbage: Can be a smart option if you have bad credit and need working capital fast.

Fundbox: Sound choice if you have unpaid customer invoices and want to avoid a credit check.

Unsecured business loans: Summary of funding options.

If you want a term loan or line of credit with low rates: Lending Club

Lending Club’s APR ranges from 8% to 32%, making its loans and lines of credit slightly more expensive than SBA loans but the lowest among unsecured funding options online.

Lending Club also has less stringent requirements than banks, which typically require excellent personal credit and collateral to back loans. The lender requires a minimum 600 credit score, but collateral is only needed on loans and lines of greater than $100,000.

Before you apply for a Lending Club line of credit, find out whether you meet the minimum qualifications.

  • 600+ personal credit score.
  • 2+ years in business.
  • $75,000+ in annual revenue.
  • Own at least 20% of the business.
  • No recent bankruptcies or tax liens.
  • Provide collateral for loans and lines of credit of more than $100,000.

Lending Club is currently unavailable to borrowers in Iowa and Idaho.

If you need cash for working capital or unexpected expenses: OnDeck

OnDeck’s unsecured business line of credit is a good option for business owners who need working capital to manage cash flow or handle unexpected expenses. OnDeck’s APR is slightly higher than Lending Club’s borrowing costs, but requirements are less stringent. To qualify, you need at least a 600 personal credit score, nine months in business and $75,000 in annual revenue.
Each draw on the line of credit is repaid weekly over a period of six months, and borrowers can choose to repay sooner to save on interest with no prepayment penalties.

OnDeck’s line of credit doesn’t require a lien on your business’s assets, although you still have to sign a personal guarantee, which makes you personally liable for repaying the debt if your business fails to.

Before you apply for a OnDeck line of credit, find out whether you meet the lender s minimum qualifications.

  • 600+ personal credit score.
  • 9+ months in business.
  • $75,000+ in annual revenue.
  • No bankruptcies in the last two years.
  • Personal guarantee required.

If you need working capital and have good credit: StreetShares

When you have strong credit and need working capital at a competitive rate, StreetShares is a good option but the maximum loan or line of credit you can qualify for is 20% of your annual revenue. To qualify for StreetShares, you need a personal credit score of 600 or more, a year in business and $25,000 in revenue. The lender offers term loans and lines of credit of up to $100,000, with no collateral required. The possible drawback is the 20% cap: For example, if your business makes $300,000 per year, you can qualify for a loan of up to $60,000.

Before you apply for a StreetShares loan, find out whether you meet the lender s minimum qualifications.

  • 600+ personal credit score.
  • 1+ year in business.
  • $25,000+ in annual revenue.*
  • No bankruptcies in the past three years.
  • No current tax liens or collections (unless you have proper documentation).

You only need 6 months in business if you have $100,000+ in revenue.
StreetShares is currently unavailable to borrowers in North Dakota or South Dakota.

If you need working capital and have bad credit: Kabbage

Kabbage is a good option for borrowers with bad credit who need fast cash for short-term expenses; the company does not have a minimum credit score to qualify.

Funding is fast: Once approved, you can get access to funds immediately or, at most, within a few days. You’ll pay more for it, however, as Kabbage’s loan ranges from 32% to 108% APR. With a short repayment time frame and a higher APR, it’s likely not your best option for a large expense, such a new piece of expensive equipment for your company. Keep in mind that each new draw from the line starts its own six- or 12-month term with its own fee structure, so the cost of borrowing will increase.

Before you apply for a Kabbage loan, find out whether you meet the minimum qualifications.

  • No minimum personal credit score required.
  • 1+ year in business.
  • $50,000+ in annual revenue.
  • A business checking or online payment platform required.

If you have unpaid invoices and want to avoid a credit check: Fundbox

Fundbox is a good option if your business has unpaid customer invoices up to $100,000. The lender provides an unsecured cash advance (no collateral or personal guarantee required) for up to 100% of the value of your invoices, starting at $500. The company provides instant approval, with funding typically in one to three business days.

After receiving the cash advance, you’ll repay it in 12 equal weekly installments, plus a fee. If your customer ends up paying you before then, you can repay the advance in full to save on fees, with no penalties.

Before you apply for Fundbox’s invoice financing, find out whether you meet the lender s minimum qualifications.

  • No minimum personal credit score required.
  • No minimum annual revenue required.
  • Must use online accounting software that can link to Fundbox (such as Quickbooks, FreshBooks, Harvest).

You may also like

Lender reviews

See how different lenders stack up in NerdWallet’s expert reviews

We want to hear from you and encourage a lively discussion among our users. Please help us keep our site clean and safe by following our posting guidelines. and avoid disclosing personal or sensitive information such as bank account or phone numbers. Any comments posted under NerdWallet’s official account are not reviewed or endorsed by representatives of financial institutions affiliated with the reviewed products, unless explicitly stated otherwise.

2016 NerdWallet, Inc. All Rights Reserved

Disclaimer: NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions. Pre-qualified offers are not binding. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly.

Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools, blog content and editorial reviews are based on objective analysis. For more information, please see our Advertiser Disclosure .



Unsecured Business Loans in the UK #business #catalyst


#unsecured business loans

#

Secured and unsecured business loans

Finance to keep your business one step ahead

Thousands of businesses including Motor Factor have accessed affordable finance through Funding Circle. Jason Farrugia used his unsecured loan to open two more distribution outlets for his motor company in Wales.

Loans at Funding Circle

Unsecured loans allow you to borrow money for your business without giving security on any assets. like your home for example. They are a quick and easy way to get an affordable cash injection into your business.

A personal guarantee will be required, which means that you ll be required to pay back the loan if the business is unable to. We do this to protect the investors who lend to you.

If you re thinking of refurbishing your shop or buying stock for next season, your business could borrow up to 200,000 from investors through Funding Circle. It s worth noting that you ll need to have been trading for at least 2 years to apply.

Typically up to 200,000

A secured loan could help you borrow more for your business as you can use business assets as collateral. Put simply, if your business can t pay back the loan in full, the proceeds from the sale of assets can be used to pay off the remaining debt.

This type of loan could be the best option if your business needs a larger amount, as you could borrow anything from 200,000 to 1 million, or 3 million if you re developing property.

The level of security required depends on the value and purpose of the loan.

  • Typically secured against all assets of the business
  • May require a personal guarantee

Property and large assets can also be used as security.

Typically up to 1 million

We also offer a range of small business loans. including working capital, asset finance and property loans for businesses in the property sector. This includes finance for residential and commercial development, commercial mortgages and bridging loans.

If your business needs finance for something else, just tell us in your application.

Typically up to 1 million 3 million for property development

The UK Government is lending 60m to businesses through Funding Circle, alongside thousands of people and other investors.

In March 2013, the Government began lending 20 million to small UK businesses through Funding Circle, as part of its Business Finance Partnership scheme.

In early 2014, the Government-backed British Business Bank Investment Programme decided to invest a further 40 million alongside other investors, to support economic growth by providing more efficient finance to small businesses.

After the success of my first bar, I applied for an unsecured loan to open a second site.

BloodandSand Limited took out an unsecured loan of 100,000 so they could refurbish their new bar.

Read Rufus story Next slide

It s a very simple process and within 10 days the money was there.

BloodandSand Limited took out an unsecured loan of 100,000 so they could refurbish their new bar.

Read Rufus story Next slide

We only use London-sourced products in the bar to support local business

BloodandSand Limited took out an unsecured loan of 100,000 so they could refurbish their new bar.

Straightforward process

The application for business loans is simple:



Quick unsecured business loans #applying #for #a #business #loan


#quick business loans

#

NAB QuickBiz Loan

This loan is available only as fixed interest rate principal and interest loan for a 12 or 24 month term with monthly repayments at a rate of 13.85% per annum. Variable rate loan and interest only loans are not available. Economic costs may be payable if you terminate early. If this does not work for you, we have other loan options that may better suit your needs.

You can only receive funds from one approved NAB QuickBiz Loan every 90 days.

Fast online decision is subject to credit assessment and ID verification

This loan is only available for loans which are wholly or predominately for business purposes. This loan cannot be used to make payments to the Australian Tax Office.

Your business must have been in operation for at least 12 months and have a valid Australian Business Number (ABN).

You need to be at least 18 years or older to apply and hold an Australian citizenship or permanent residency.

This loan is only available for sole traders, business partnerships with 2 or less individual partners, and companies with 2 or less directors borrowing in their own right. It is not available for joint borrowers who are not partnerships, or partnerships where one or more partner is a company. It is not available if you are borrowing as trustee of a trust.

Any shareholders of companies listed in the application must be individuals, and not companies.

If you are an existing NAB Customer, you must have operated all accounts in accordance with the terms of those accounts.

If you are an existing NAB Customer, you can only apply for this loan if you have less than $1m in existing business lending and less than $100k in unsecured business lending with NAB (inclusive of this application).

You must have an Australian bank account, in the same name as your business, to receive your funds.

NAB may have other options which suit your business better if you do not meet the conditions for this loan. You can contact us 13 10 12 to discuss.



Unsecured Business Loans in the UK #ideas #for #new #business


#unsecured business loans

#

Secured and unsecured business loans

Finance to keep your business one step ahead

Thousands of businesses including Motor Factor have accessed affordable finance through Funding Circle. Jason Farrugia used his unsecured loan to open two more distribution outlets for his motor company in Wales.

Loans at Funding Circle

Unsecured loans allow you to borrow money for your business without giving security on any assets. like your home for example. They are a quick and easy way to get an affordable cash injection into your business.

A personal guarantee will be required, which means that you ll be required to pay back the loan if the business is unable to. We do this to protect the investors who lend to you.

If you re thinking of refurbishing your shop or buying stock for next season, your business could borrow up to 200,000 from investors through Funding Circle. It s worth noting that you ll need to have been trading for at least 2 years to apply.

Typically up to 200,000

A secured loan could help you borrow more for your business as you can use business assets as collateral. Put simply, if your business can t pay back the loan in full, the proceeds from the sale of assets can be used to pay off the remaining debt.

This type of loan could be the best option if your business needs a larger amount, as you could borrow anything from 200,000 to 1 million, or 3 million if you re developing property.

The level of security required depends on the value and purpose of the loan.

  • Typically secured against all assets of the business
  • May require a personal guarantee

Property and large assets can also be used as security.

Typically up to 1 million

We also offer a range of small business loans. including working capital, asset finance and property loans for businesses in the property sector. This includes finance for residential and commercial development, commercial mortgages and bridging loans.

If your business needs finance for something else, just tell us in your application.

Typically up to 1 million 3 million for property development

The UK Government is lending 60m to businesses through Funding Circle, alongside thousands of people and other investors.

In March 2013, the Government began lending 20 million to small UK businesses through Funding Circle, as part of its Business Finance Partnership scheme.

In early 2014, the Government-backed British Business Bank Investment Programme decided to invest a further 40 million alongside other investors, to support economic growth by providing more efficient finance to small businesses.

After the success of my first bar, I applied for an unsecured loan to open a second site.

BloodandSand Limited took out an unsecured loan of 100,000 so they could refurbish their new bar.

Read Rufus story Next slide

It s a very simple process and within 10 days the money was there.

BloodandSand Limited took out an unsecured loan of 100,000 so they could refurbish their new bar.

Read Rufus story Next slide

We only use London-sourced products in the bar to support local business

BloodandSand Limited took out an unsecured loan of 100,000 so they could refurbish their new bar.

Straightforward process

The application for business loans is simple:



Unsecured Business Loans in the UK #small #business #advertising


#unsecured business loans

#

Secured and unsecured business loans

Finance to keep your business one step ahead

Thousands of businesses including Motor Factor have accessed affordable finance through Funding Circle. Jason Farrugia used his unsecured loan to open two more distribution outlets for his motor company in Wales.

Loans at Funding Circle

Unsecured loans allow you to borrow money for your business without giving security on any assets. like your home for example. They are a quick and easy way to get an affordable cash injection into your business.

A personal guarantee will be required, which means that you ll be required to pay back the loan if the business is unable to. We do this to protect the investors who lend to you.

If you re thinking of refurbishing your shop or buying stock for next season, your business could borrow up to 200,000 from investors through Funding Circle. It s worth noting that you ll need to have been trading for at least 2 years to apply.

Typically up to 200,000

A secured loan could help you borrow more for your business as you can use business assets as collateral. Put simply, if your business can t pay back the loan in full, the proceeds from the sale of assets can be used to pay off the remaining debt.

This type of loan could be the best option if your business needs a larger amount, as you could borrow anything from 200,000 to 1 million, or 3 million if you re developing property.

The level of security required depends on the value and purpose of the loan.

  • Typically secured against all assets of the business
  • May require a personal guarantee

Property and large assets can also be used as security.

Typically up to 1 million

We also offer a range of small business loans. including working capital, asset finance and property loans for businesses in the property sector. This includes finance for residential and commercial development, commercial mortgages and bridging loans.

If your business needs finance for something else, just tell us in your application.

Typically up to 1 million 3 million for property development

The UK Government is lending 60m to businesses through Funding Circle, alongside thousands of people and other investors.

In March 2013, the Government began lending 20 million to small UK businesses through Funding Circle, as part of its Business Finance Partnership scheme.

In early 2014, the Government-backed British Business Bank Investment Programme decided to invest a further 40 million alongside other investors, to support economic growth by providing more efficient finance to small businesses.

After the success of my first bar, I applied for an unsecured loan to open a second site.

BloodandSand Limited took out an unsecured loan of 100,000 so they could refurbish their new bar.

Read Rufus story Next slide

It s a very simple process and within 10 days the money was there.

BloodandSand Limited took out an unsecured loan of 100,000 so they could refurbish their new bar.

Read Rufus story Next slide

We only use London-sourced products in the bar to support local business

BloodandSand Limited took out an unsecured loan of 100,000 so they could refurbish their new bar.

Straightforward process

The application for business loans is simple:



Unsecured Business Loans in the UK #loans #for #women #in #business


#unsecured business loans

#

Secured and unsecured business loans

Finance to keep your business one step ahead

Thousands of businesses including Motor Factor have accessed affordable finance through Funding Circle. Jason Farrugia used his unsecured loan to open two more distribution outlets for his motor company in Wales.

Loans at Funding Circle

Unsecured loans allow you to borrow money for your business without giving security on any assets. like your home for example. They are a quick and easy way to get an affordable cash injection into your business.

A personal guarantee will be required, which means that you ll be required to pay back the loan if the business is unable to. We do this to protect the investors who lend to you.

If you re thinking of refurbishing your shop or buying stock for next season, your business could borrow up to 200,000 from investors through Funding Circle. It s worth noting that you ll need to have been trading for at least 2 years to apply.

Typically up to 200,000

A secured loan could help you borrow more for your business as you can use business assets as collateral. Put simply, if your business can t pay back the loan in full, the proceeds from the sale of assets can be used to pay off the remaining debt.

This type of loan could be the best option if your business needs a larger amount, as you could borrow anything from 200,000 to 1 million, or 3 million if you re developing property.

The level of security required depends on the value and purpose of the loan.

  • Typically secured against all assets of the business
  • May require a personal guarantee

Property and large assets can also be used as security.

Typically up to 1 million

We also offer a range of small business loans. including working capital, asset finance and property loans for businesses in the property sector. This includes finance for residential and commercial development, commercial mortgages and bridging loans.

If your business needs finance for something else, just tell us in your application.

Typically up to 1 million 3 million for property development

The UK Government is lending 60m to businesses through Funding Circle, alongside thousands of people and other investors.

In March 2013, the Government began lending 20 million to small UK businesses through Funding Circle, as part of its Business Finance Partnership scheme.

In early 2014, the Government-backed British Business Bank Investment Programme decided to invest a further 40 million alongside other investors, to support economic growth by providing more efficient finance to small businesses.

After the success of my first bar, I applied for an unsecured loan to open a second site.

BloodandSand Limited took out an unsecured loan of 100,000 so they could refurbish their new bar.

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It s a very simple process and within 10 days the money was there.

BloodandSand Limited took out an unsecured loan of 100,000 so they could refurbish their new bar.

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We only use London-sourced products in the bar to support local business

BloodandSand Limited took out an unsecured loan of 100,000 so they could refurbish their new bar.

Straightforward process

The application for business loans is simple: