Loan Amounts and Funding Terms
Loan Terms
Loan terms between 3 months and 5 years with fixed monthly payments
Loan Amounts
Loan amounts over £2,000
Eligibility Criteria
Borrowing Amounts
Are you looking for an unsecured business loan over £2,000?
Company Status
Are you a UK registered business?
Trading Time
Have you been trading for more than 12 months?
Unsecured Business Loans
Unsecured business loans do not use any tangible assets, either personal or business, as collateral when applying for business finance.
Unsecured finance can be a suitable option for business owners who are looking for additional funding without having to secure loans on company assets.
They are generally quicker to arrange than secured loans due to less paperwork and no asset valuations. Instead, the loan application is assessed based on the business credit worthiness and affordability evaluations.
RLA Capital give decisions on unsecured loans within 48 hours of application, with funding being released within 24 hours of all documents being signed by the client after a decision.
How to apply for an unsecured business loan?
Quick Applications
Fill out our application form in less than 5 minutes
Dedicated Support
Your application will be allocated to your dedicated case manager
Quick Responses
Your case manager will be in touch within 4 working hours
Minimal Paperwork
They will collect all required documents to process your application
Quick Decisions
You will receive a decision within 48 hours in most circumstances
Fast Payouts
You will receive your funds within 48 hours of acceptance in most circumstances
The Benefits of Unsecured Business Loans
Flexible Terms and Borrowing Amounts
Unsecured loans are generally more flexible in terms of loan amounts and terms in comparison with other business loan types.
As they are taken on an unsecured basis, borrowing amounts are not restricted to the amount of equity in an asset or property.
This means that it can be easier to take out loans on a rolling basis and/or top up existing loan agreements.
Speed of Approvals
Unsecured loan applications and approvals are relatively quick to process.
With no need for charges on assets or debentures, decisions are made based on you meeting the lenders eligibility criteria.
Many lenders will approve applications within 24 hours, provided that all the required documents are provided at the time of application.
Reduced Paperwork
As you are not using security or collateral when making the application there is less paperwork that needs to be completed.
In order to apply you only need business bank account statements and business financial reports such as your profit and loss statements along with proof of identity.
No Risk to Assets*
Loans on an unsecured basis do not use collateral as part of the credit agreement, meaning your assets are not at risk in the first instance. Instead the loan is approved on the basis of your financial health and credit rating.
*In most cases a personal guarantee is required to secure the finance to protect the lender in the event of a default.
Luckily, there are a range of personal guarantee insurance products available for businesses using unsecured finance.
In today's rapidly evolving business landscape, fuelling business expansion requires access to quick capital. For many small and medium-sized enterprises (SMEs), one of the most effective ways to obtain the necessary funding is through unsecured business loans.
These loans offer a valuable solution for businesses looking to grow and thrive by accessing additional funding.
Whether it's expanding operations, launching new products, or investing back into your business, unsecured business loans provide the financial flexibility required to fuel business expansion.
With competitive interest rates and flexible repayment terms, these loans can promote your business's expansion and drive sustained success.
Stay ahead of the competition and unlock your business's full potential.
View our full range of business finance facilities here
Frequently Asked Questions
With secured business loans the loan is secured against tangible assets, as collateral for the amount you are borrowing. Lenders will still look at credit ratings, business bank accounts and business financial reports when making a decision, however the use of collateral can make it easier to obtain finance if your credit score and business financials are not the strongest. In some cases personal guarantees are required.
Related Resources
Secured vs Unsecured Business Loans
Find out the differences in secured and unsecured business finance.
Unsecured loans are those that are not secured against personal or business assets. Most secured loans are secured against property or business assets.
Click to read more
A guide to unsecured business finance
Unsecured business loans do not use any tangible assets, either personal or business, as collateral when applying for business finance.
When using unsecured finance, lenders look at your personal credit rating, business bank accounts and business financial reports.
Click to read more
Cash Flow Injection for Small Businesses
All businesses need cash flow to succeed and if your cash flow is running low you will need to look for a cash flow injection.
Effective cash flow management can help you analyse how healthy your cash flow is and look for ways to improve it.
Click to read more