Unsecured Lending

✓ Free & Impartial Advice

✓ 100% Confidential

✓ Stop HMRC & Creditor Pressure

✓ Approved & Regulated

  1. Home
  2. >
  3. Unsecured Lending

What are Unsecured Loans?

This is a type of loan that doesn’t require security. It uses assets as security, just in case things don’t work out as they should. The lender will be able to recoup the assets to cover the loan cost.

An unsecured business loan is a great way to acquire a business loan without offering security. This is an appropriate option for people without many assets, or would prefer not to offer security on their loan.

There is the potential to get an unsecured loan of up to £250,000.

Worried about your Insolvency?

If you are worried about how you are going to repay your Insolvency, we’re here to help you! There are many people who will find themselves in a financial struggle after taking up the option of Insolvency. Here at Business Helpline,  we can discuss all of your options and help you plan for a better future.
Call our team today on 0800 088 2142.

What should I consider when it comes to unsecured lending?

Here are four things to consider when it comes to unsecured lending:

▪️ The process is quicker in most instances

▪️ You don’t need assets to acquire an unsecured loan

▪️ Costs are up-front

▪️ Higher overall cost as the lender has a higher risk

What are unsecured business loans used for?

Different lenders will have different criteria that they are looking for. Some lenders might look at your borrowing history and/or your annual turnover levels; if you are making a lot of money over the course of a year then you can give more legitimacy to your unsecured borrowing claim.

What are the different types of asset finance?

There are two main types of asset finance: hard assets and soft assets. Hard assets are primary equipment pieces and vehicles. Soft assets have little second-hand value, like IT.

What is residential investment?

You can get started on residential or commercial projects. So, you may own a plot of land or you might want to buy one for development purposes. Whatever your aims, we can work out a solution for you to match those ambitions.

What is the difference between asset financing and asset-based lending?

In asset-based lending, the asset you have put forward acts as collateral if anything goes wrong when you are repaying your loan. This means that, if you have put your house down, your house can be seized by the lender and it can be sold to repay the remainder of your loan.

This is not the same in asset financing, where assets are not directly held up as collateral for a loan failing. They are used to qualify somebody into a lending solution but that is it.

▪️ It is a stable investment

▪️ It can create a positive cash flow

▪️ You can get tax benefits

▪️ You can make a leveraged purchase, buying more for less

What is the difference between secured and unsecured lending?

▪️  Easier to get than traditional bank loans

▪️  Fixed payments make budgeting and cash-flow easier to manage

▪️  Many agreements have fixed interest rates

▪️  You will only lose assets if you are unable to pay

What information do I need for my unsecured business loan application?

You will need to provide your company name, what your business does, names and addresses for directors in the last three years, records of accounts covering the last two years, and an explanation of what you are going to do with the funds.

Talk to us

A Time to Pay (TTP) Arrangement lets you pay your debt to HMRC in monthly installments, usually over a 12 month period. You could arrange repayment over a longer period, depending on your business’ circumstances and what you can afford.

How you come to a TPP Arrangement depends on whether you have received a payment demand, like a tax bill or a letter threatening you with legal action.

You should call the HMRC office if you have received a letter. If you haven’t received a letter, call the Payment Support Service (PSS).

Tp3 4star 175 2x

Rated Excellent Trustpilot Reviews

Absolutely fantastic, very helpful and understanding at a difficult time.

Get free and impartial expert advice

Check if you qualify online

  • Free company assessment
  • Understand your available options
  • Stop pending creditor action
  • Understand your next steps
Get StartedSchedule A Call

Did you know?

Are you eligible to claim Director Redundancy?

As a Limited Company Director you may be entitled to claim Director Redundancy – Average UK claim is £9,000*.

Unsecured Lending FAQs

What happens if I default on an unsecured loan?

While you are not at risk of losing any kind of asset or property, you can still have legal action taken against you. This is worth taking into account before you dive into any decision.

What is the best thing in favour of an unsecured loan?

The best thing in favour of an unsecured loan is the ability to borrow money without having to put anything down as collateral. Nonetheless, the unsecured loan cokes with higher interest rates and the lender can still take legal action against the borrower.

Would a car loan count as an unsecured debt?

Secured credit cards require a deposit while an unsecured credit card does not.

24hr Helpline

Speak to an insolvency expert for immediate help and advice and to arrange a free no-obligation consultation with your local office

0800 088 2142

Whatsapp Our Team

Email our team to arrange a call back or to request further information on how we can help

Send us a Message

Live Chat Online

Immediately find out whether liquidation could be appropriate for your company

Chat To An Expert

Contact our dedicated team

If you are looking to get advice for your company, taking advice at an early stage is crucial. Business Helpline is a licensed insolvency practitioner who is committed to providing free impartial help and advice.

  • Free initial assessment
  • Private & Strictly confidential
  • Fully licensed insolvency practitioners
  • Dedicated caseworker
  • Face to face appointments available
Copy Of Garden Guru 2

Complete your details below to get in touch





    • 100% Free & Confidential Advice

    This is a type of loan that doesn’t require security. It uses assets as security, just in case things don’t work out as they should. The lender will be able to recoup the assets to cover the loan cost.

    An unsecured business loan is a great way to acquire a business loan without offering security. This is an appropriate option for people without many assets, or would prefer not to offer security on their loan.

    There is the potential to get an unsecured loan of up to £250,000.

    Worried about your Bounce Back Loan?

    If you are worried about how you are going to repay your Bounce Back Loan, we’re here to help you! There are many people who will find themselves in a financial struggle after taking up the option of a Bounce Back Loan. Here at Business Helpline,  We can discuss all of your options and help you plan for a better future.
    Call our team today on 0800 088 2142.

    What should I consider when it comes to unsecured lending?

    Here are four things to consider when it comes to unsecured lending:

    ▪️ The process is quicker in most instances

    ▪️ You don’t need assets to acquire an unsecured loan

    ▪️ Costs are up-front

    ▪️ Higher overall cost as the lender has a higher risk

    What are unsecured business loans used for?

    Different lenders will have different criteria that they are looking for. Some lenders might look at your borrowing history and/or your annual turnover levels; if you are making a lot of money over the course of a year then you can give more legitimacy to your unsecured borrowing claim.

    What are the different types of asset finance?

    There are two main types of asset finance: hard assets and soft assets. Hard assets are primary equipment pieces and vehicles. Soft assets have little second-hand value, like IT.

    What is residential investment?

    You can get started on residential or commercial projects. So, you may own a plot of land or you might want to buy one for development purposes. Whatever your aims, we can work out a solution for you to match those ambitions.

    What is the difference between asset financing and asset-based lending?

    In asset-based lending, the asset you have put forward acts as collateral if anything goes wrong when you are repaying your loan. This means that, if you have put your house down, your house can be seized by the lender and it can be sold to repay the remainder of your loan.

    This is not the same in asset financing, where assets are not directly held up as collateral for a loan failing. They are used to qualify somebody into a lending solution but that is it.

    ▪️ It is a stable investment

    ▪️ It can create a positive cash flow

    ▪️ You can get tax benefits

    ▪️ You can make a leveraged purchase, buying more for less

    What is the difference between secured and unsecured lending?

    ▪️  Easier to get than traditional bank loans

    ▪️  Fixed payments make budgeting and cash-flow easier to manage

    ▪️  Many agreements have fixed interest rates

    ▪️  You will only lose assets if you are unable to pay

    What information do I need for my unsecured business loan application?

    You will need to provide your company name, what your business does, names and addresses for directors in the last three years, records of accounts covering the last two years, and an explanation of what you are going to do with the funds.

    Talk to us

    A Time to Pay (TTP) Arrangement lets you pay your debt to HMRC in monthly installments, usually over a 12 month period. You could arrange repayment over a longer period, depending on your business’ circumstances and what you can afford.

    How you come to a TPP Arrangement depends on whether you have received a payment demand, like a tax bill or a letter threatening you with legal action.

    You should call the HMRC office if you have received a letter. If you haven’t received a letter, call the Payment Support Service (PSS).

    Tp3 4star 175 2x

    Rated Excellent Trustpilot Reviews

    Absolutely fantastic, very helpful and understanding at a difficult time.

    Get free impartial expert advice

    Check if you qualify online

    • Free company assessment
    • Understand your available options
    • Stop pending creditor action
    • Understand your next steps
    Get StartedSchedule A Call

    Did you know?

    Are you eligible to claim Director Redundancy?

    As a Limited Company Director you may be entitled to claim Director Redundancy – Average UK claim is £9,000*.

    Unsecured Lending FAQs

    What happens if I default on an unsecured loan?

    While you are not at risk of losing any kind of asset or property, you can still have legal action taken against you. This is worth taking into account before you dive into any decision.

    What is the best thing in favour of an unsecured loan?

    The best thing in favour of an unsecured loan is the ability to borrow money without having to put anything down as collateral. Nonetheless, the unsecured loan cokes with higher interest rates and the lender can still take legal action against the borrower.

    Would a car loan count as an unsecured debt?

    Secured credit cards require a deposit while an unsecured credit card does not.

    24hr Helpline

    Speak to an insolvency expert for immediate help and advice and to arrange a free no-obligation consultation with your local office

    0800 088 2142

    Whatsapp Our Team

    Email our team to arrange a call back or to request further information on how we can help

    Send us a Message

    Live Chat Online

    Immediately find out whether liquidation could be appropriate for your company

    Chat To An Expert

    Contact our dedicated team

    If you are looking to get advice for your company, taking advice at an early stage is crucial. Business Helpline is a licensed insolvency practitioner who is committed to providing free impartial help and advice.

    • Free initial assessment
    • Private & Strictly confidential
    • Fully licensed insolvency practitioners
    • Dedicated caseworker
    • Face to face appointments available
    Copy Of Garden Guru 2

    Complete your details below to get in touch





      • 100% Free & Confidential Advice

      Unsecured Lending 63360b951cd7f

      Unsecured Lending 63360b951cdbc