We excel in developing intelligent business funding solutions to improve future cash flow, profits growth and business expansion.
As a business funding broker, we provide free, impartial advice to businesses that want to benefit from a plethora of business funding knowledge, know-how and expertise.
Working with you, we use our entrepreneurial and financial skills to understand your funding needs and then we work with our high street banks and specialist lenders to put your tailored finances into place for you.
Unsecured loans are loans that are not secured against a valuable asset. Instead of specific collateral, the lender relies mainly on the borrower’s creditworthiness. Covid has made unsecured loans more difficult to secure, but as a guide, your business will need to show that the latest 3 years of trading have been profitable before a lender will want to sanction an unsecured loan.
If your business needs a cash injection and has few assets to offer as security, then an unsecured loan could be right for you. The biggest advantage of unsecured loans is the fact that they make it possible for anyone to borrow money; whether you're a tenant or a homeowner, you can borrow without putting up any collateral. This makes it ideal for successful businesses, who due to their business model, or age, find themselves without assets. If your business does have security to offer, you may want to consider other sources of finance, such as invoice finance or a commercial mortgage because interest rates will be less.
• Available to both tenants and homeowners
• No direct risk to your home or other assets
• Fast decision and loan completion times
• Higher rates of interest than secured loans
• Limited loan amounts due to increased lender risks
• Reduced loan term flexibility
• Unlike an overdraft an unsecured loan reduces with each repayment
• You may be required to provide a PG to act as a loan guarantor
For a free no obligation quote, please call us on 01242 250 000, or fill out the form at the top of this page and we will contact you. We are a broker, not a lender so you will receive quality impartial advice from us.
Company Finances Ltd
Business Finance Broker
Tel: 01242 250 000