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UNSECURED BUSINESS LOANS
Unsecured business loans
for your next business move.
Explore business funding without a charge over a specific asset, with affordability, costs and any personal guarantee considered together.
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AT A GLANCE
UNSECURED BUSINESS LOANS EXPLAINED
A plan for the funds.
A plan for repayments.
An unsecured business loan does not normally require a charge over a specific asset. The provider assesses the business’s trading performance, financial position and ability to repay.
Unsecured does not mean without personal exposure. A director’s personal guarantee may be required. Compare the full cost, repayment schedule and guarantee terms before committing, and check how payments fit alongside existing obligations.
MILESTONE CAN HELP
Don't want to secure against assets?
UNSECURED TERM LOANS
Unsecured Term Loans
Explore a lump sum repaid over an agreed period for a defined business purpose. Review the repayment schedule, total cost and any guarantee alongside your forecast cash flow.
REVOLVING CREDIT FACILITIES
Revolving Credit Facilities
Draw and repay funds within an agreed credit limit, subject to the facility terms. Compare interest on amounts drawn, any facility or drawdown fees, repayment requirements and review dates.
START-UP LOANS
Start-up Loans
The government-backed Start Up Loans scheme offers personal loans for eligible business purposes. You remain personally responsible for repayment. Review the current scheme criteria, affordability checks and application process through the official service.
━ WHY MILESTONE
Why businesses choose us
Options to compare
Compare the loan structure with the amount, purpose and time you need it for.
Clear conversations
Discuss repayment schedules, charges and any personal guarantee in plain English.
Practical preparation
Prepare accounts, bank statements and a forecast that supports the borrowing request.
Your business in view
Keep existing commitments and the effect on day-to-day cash flow in view.
COMPARE
Understand the loan.
Review any personal guarantee
The business’s repayment obligation and a director’s guarantee are separate commitments. Read both carefully.
Business repayment terms
- Check the payment amount and frequency
- Compare interest and all applicable fees
- Review early-settlement and missed-payment terms
- Test affordability if trading slows
Personal guarantee terms
- Confirm whether a guarantee is required
- Check its scope, limit and duration
- Understand when the lender can make a claim
- Take independent advice before signing
COMMON USES
Funding for practical
business plans
New premises
Plan relocation costs, deposits and the cash needed while a new site gets established.
Stock purchases
Prepare for demand with a budget that allows for the full selling cycle.
Business improvements
Budget for refurbishment, systems and changes that support operations.
Marketing campaigns
Set a defined budget and realistic assumptions about when results may arrive.
Contract mobilisation
Cover planned upfront costs before a new contract starts paying.
Working capital
Assess a temporary timing gap alongside the business’s ability to repay.
WHO WE HELP
Finance by industry
Hospitality
Budget for venue refurbishment, expansion and operating costs around seasonal demand.
Explore options →Professional Services
Explore funding for recruitment, office improvements and the gap between work and payment.
Explore options →Technology
Plan investment in systems, product development and team growth against realistic income forecasts.
Explore options →E-Commerce
Explore borrowing for stock, fulfilment and online growth, with sales forecasts and repayment capacity in view.
Explore finance options →Creative
Consider funding for studio investment, project delivery or recruitment alongside client payment schedules.
Explore finance options →━ THE PROCESS
How exploring an unsecured business loan works
STEP 1
Define your funding need
Explain the purpose, amount and expected repayment source.
STEP 2
Prepare your information
Provide recent trading figures, bank statements and existing commitments.
STEP 3
Compare the proposal
Review the full cost, repayment schedule and any guarantee.
STEP 4
Choose your next step
Proceed when you understand the terms and provider requirements.
━ FAQS
Does unsecured mean no personal guarantee?
No. An unsecured business loan may still require a director’s personal guarantee. Check the guarantee terms and your potential personal liability.
How much could my business borrow?
The amount depends on the provider’s assessment of trading performance, cash flow, credit profile and existing commitments.
What can the loan be used for?
Providers may consider working capital, investment or expansion. Explain the purpose and confirm any restrictions before accepting an offer.
Can a newer business apply?
Trading-history requirements vary. A limited track record may reduce the available options, so prepare evidence supporting the business plan and repayment forecast.
How quickly can funding be arranged?
Timing depends on the application, supporting documents and provider checks. Do not commit to spending on the assumption that an enquiry guarantees funding.
Will applying affect credit records?
Ask which checks will be carried out, whose records will be checked and at what stage. Different providers use different enquiry and application processes.
Can I repay early?
Check for early-settlement fees, minimum interest or other conditions. Paying early does not always reduce the cost in the same way.
What happens if I cannot make repayments?
Contact the provider promptly. Missed payments may lead to charges, recovery action and claims under any personal guarantee.
Things to consider
- Compare total cost, not just the regular payment.
- Test affordability against slower trading.
- Read any personal guarantee carefully.
- Check early-settlement and default terms.
- Include existing borrowing in your cash-flow forecast.
▎ RESOURCES
Unsecured borrowing guides
Build a borrowing budget around cash available after operating costs and existing commitments.
Understand why unsecured borrowing can still involve personal liability and what to check.
Prepare the trading information and funding purpose that help explain your application.
READY TO SECURE YOUR FUNDING?
Check your eligibility
in 60 seconds
Explore funding for your next business milestone. Tell us what you need and take the first step towards understanding your options.
✓ UK businesses
✓ Clear communication
✓ Practical guidance
YOUR NEXT STEP
Let’s move your business forward.
Share a little about your business and the funding you have in mind, or contact us with a question.
Helping UK businesses explore finance for the milestones that matter.
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Finance is subject to eligibility, status and lender terms. Security or a personal guarantee may be required.