Compare unsecured business loans

Compare unsecured business loans and find the best terms and rates for your business from our range of corporate lenders.

7 results found, sorted by affiliated products first. How we order our comparisons. Commission earned affects the table's sort order.
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Think Business Loans Business Loan
Loan Type
Unsecured term loan
Loan amount
£25,000 to £500,000
Representative APR
6.36% APR
Loan term
1 month to 60 months
“Rated 5* “excellent” on Trust pilot. Our experts will compare multiple business finance products across 100s of lenders to find the option that is right for you. 75% of our customers receive an offer.
Think Business Loans is a credit broker and not a lender. Minimum turnover is £200,000 with 1 year trading.
Representative Example: The representative rate is 6.36% APR (fixed) so if you borrow £100,000 over 60 months at a rate of 6.36% p.a. (fixed) you will repay £116,504.71 in total.
Swoop Business Loan
Loan Type
Unsecured term loan
Loan amount
£50,000 to £5,000,000
Representative APR
6.85% APR
Loan term
3 months to 96 months
Simple, secure and speedy access to over 1,000 funding providers without affecting your credit rating. Team of five-star Trustpilot-rated experts to guide you through the process.
Swoop is a broker, not a lender. Minimum 1 year of trading and Minimum turnover of £200,000.
Representative Example: The representative rate is 6.85% APR (fixed) so if you borrow £100,000 over 60 months at a rate of 6.00% p.a. (fixed) then you will repay £117,670 in total.
Funding Circle Business Loan
Loan Type
Unsecured term loan
Loan amount
£10,000 to £500,000
Representative APR
11.79% APR
Loan term
24 months to 72 months
To be eligible to apply you need to be based in the UK and have been trading for 2 years. Funding Circle also offers the Government's Recovery Loan Scheme. A key aim of the Recovery Loan Scheme is to improve the terms on offer to businesses.
If Funding Circle can offer you a business loan for the same amount on similar or better terms, without requiring the guarantee provided by the scheme, they will do so. The rate you will get will vary based on your circumstances.
Representative Example: The representative rate is 11.79% APR (fixed) so if you borrow £100,000 over 72 months at a rate of 9.4% p.a. (fixed) you will repay £137,779 in total.
iwoca Business Loan
Loan Type
Revolving credit facility
Loan amount
£1,000 to £200,000
Representative APR
49% APR
Loan term
1 month to 12 months
Your company must have at least 6 months trading history and a minimum turnover of £50,000. Applicants must be able to provide a personal guarantee, applying has no effect on your credit score.
Representative Example: The representative rate is 49% APR (variable) so if you borrow £10,000 over 12 months at a rate of 40% p.a. (variable) you will repay £12,294 in total.
Funding Options Business Loans
Loan Type
Unsecured term loan
Loan amount
£1,000 to £15,000,000
Representative APR
6.03% APR
Loan term
1 month to 120 months
Funding Options is a Credit Broker and not a Lender. Their APR starts from 2.75% and has an average of 6.03%. They can help you prepare and submit your Recovery Loan Scheme application through multiple RLS accredited Lenders.
Minimum Turnover is £60,000 with 12 months minimum trading.
Representative Example: The representative rate is 6.03% APR (variable) so if you borrow £50,000 over 24 months at a rate of 6.03% p.a. (variable) you will repay £53,114.16 in total.
Funding Xchange Business Loan
Loan Type
Unsecured term loan
Loan amount
£1,000 to £500,000
Representative APR
10.5% APR
Loan term
1 month to 120 months
Funding Xchange is a credit broker, not a lender. Funding Xchange puts you in control of your business funding giving you access to indicative funding offers within 3 minutes.
Minimum annual turnover of £100,000, trading history of 18 months and Companies House registration are required.
Representative Example: The representative rate is 10.5% APR (variable) so if you borrow £50,000 over 24 months at a rate of 10.5% p.a. (variable) you will repay £55,650 in total.
Alius Finance Business Loan
Loan Type
Unsecured term loan
Loan amount
£10,000 to £1,000,000
Representative APR
6.68% APR
Loan term
3 months to 60 months
No obligation funding decision, typically within 24-48 hours. Flexible options including, interest-only and no early repayment penalties.
Available to UK limited companies only. Minimum trading history of 6 months.
Representative Example: The representative rate is 6.68% APR, so if you borrow £10,000 over 5 years you will repay £11,790.26 in total.

How do unsecured business loans work?

You apply for money to help support your business financially, without securing the debt to your business.

When you apply, you are assessed on your business' finances and credit record. You do not need to declare any business assets, like office equipment, as collateral.

If you miss or stop repaying your loan, your credit record will be damaged and you may face large interest fines. Only borrow what you know you can afford to repay.

Here is more information on business loans

How to get the best unsecured business loan

The best unsecured business loan will cost you the least to repay, while still being affordable each month. To find the cheapest business loan, you need to:

  • Choose how much you need to borrow

  • Know how much you could afford to repay each month

The longer the term, the smaller your monthly repayments will be. You can save on interest if you choose a shorter term, but only do this if you can afford the monthly repayments.

How much interest will you pay?

It depends on your Annual Percentage Rate (APR), e.g. a lower APR will charge you less in interest. The more you borrow, the bigger the impact the APR has on your repayments.

You can use this comparison to check the representative APR offered by each lender, this is the amount of interest you could pay on their loans.

The rate you get could differ when you apply, but the advertised rate above can give you an idea of how competitive a lender is.

Here are some alternative ways to borrow for your business

Unsecured business loans FAQs

Can I get more than one business loan?

You have to declare if you have any other borrowing against your business when you apply for a loan, it is the lender who will decide if you can do this.

Are unsecured business loans the cheapest lending option?

It depends on the loan you apply for, including the APR offered and term you choose. Here are 6 alternative ways to borrow for your business.

Will I still pay interest if I do not use the loan money?

A loan charges you interest whether you use the money or not, so only apply for small business financing if you need the cash.

Will I get credit checked when I apply for a business loan?

It depends on the lender you choose. Ask before you apply, as some may only credit check you, your business or both.

What is the representative APR?

The representative APR is the rate a lender must offer at least 51% of applicants, which means you are not guaranteed to get the rate shown.

About our unsecured business loans comparison

Who do we include in this comparison?

We include unsecured business loans available directly from lenders and through brokers on our panel. Here is more information about how our website works.

How do we make money from our comparison?

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.