Expand Your Business while Consolidating Debt and Freeing up Capital
Unsecured Business Loan
Why Choose an Unsecured Business Loan
Commercial Loans for a Fast Injection of Cash
An unsecured business loan is an ideal solution for your business when you need to improve your cashflow, consolidate your debt or expand your business.
When you require a fast solution and want to avoid dealing with the bureaucracy of a bank, an unsecured business loan may be just what you’re looking for.
Partner with Coates Finance to arrange commercial business loans that perfectly match your needs and gives you a fast injection of cash.
We understand that running and keeping a business afloat comes with its challenges as well as its triumphs.
We also understand that unexpected and uncertain economic times can happen, often suddenly.
That’s why our team of friendly professionals work closely with you to arrange the best unsecured business loan for you.
An unsecured commercial loan can be a safety net or the solution you need for growth, helping you to continue and grow your business
Unlock working capital to purchase new equipment for your business without using your assets or property as security.
How does an Unsecured Business Loan Work?
Helping You Get the Right Finance for Your Business
Unsecured Commercial Loans Explained
An unsecured business loan is arranged based on your business credit rating or creditworthiness.
You do not have to have collateral to take one out, as lenders assess the financial health of your business.
The process of obtaining the loan is simple and involves showing a healthy financial statement and the track record to prove that you have the confidence to fully repay your loan.
An unsecured loan for business is one of the best options for you if you need an injection of cash as a startup or you need additional funds for cashflow or smaller equipment.
Interest rates on unsecured business loans are often higher than for secured loans because of the extra risk involved in granting the loan.
The benefit for unsecured loans is in their simplicity and flexibility.
The repayment period will often be shorter than for a secured loan, however, and you can usually borrow smaller amounts.
When seeking an unsecured business loan it is important that you have the income available to make payments over the life of the loan.
We can help you to calculate the ideal short term loan for your small business or startup and find you a reputable lender who can offer you the best rates.
To meet the criteria, you must have the following:
Which Loan is Right for your Business?
Unsecured Business Loans come in Many Shapes and Sizes
Benefits of Unsecured Commercial Loans
There are several types of unsecured loans. Coates Finance is here to advise on matching the ideal loan type to your business.
We will always provide an unbiased view on the best lending solutions for you and make sure you fully understand what is involved.
We’ll work to achieve the ideal loan for your business, without having to rely on assets that you don’t wish to use as security.
Other types of loans which don’t require collateral include;
- Business credit cards (typically very high interest rates)
- Business term loans (can be inflexible)
- A business loan with a personal guarantee (the guarantor is personally liable for the debt)
- Merchant cash advance (depends on business sales via credit/ debit cards)
- Receivables financing (you only get back a percentage of what your customers owe you)
Explore your commercial business loan options with Coates today by requesting a call back from our friendly experts, or complete the form below.
Unsecured Loans for Commercial Vehicles, Equipment, Plant Machinery And Tools
- 3D printers, scanners and peripherals
- Commercial vehicles (new/used), including cars, vans, trucks and lorries
- Buses and coaches
- Haulage vehicles
- Forklift Trucks
- Construction equipment, machinery and power tools for building
- EPOS till systems
- Dj equipment
- Event furniture and marquees
- Farming equipment and machinery
- Forestry equipment and machinery
- Garage equipment
- Gym and fitness equipment
- Refrigeration and air conditioning equipment, parts and tools
- Office equipment, computers, laptops and furniture
- Commercial kitchen and catering equipment
- Security and CCTV camera equipment
- Shop fittings and refurbishments
- Sports and racing cars
- Vehicle tracking systems and devices
- Veterinary equipment such as scanners and lasers systems.
What makes an unsecured business loan different?
Secured Vs Unsecured Business Loan
Unsecured commercial loans have always been of lower risk to the borrower and higher risk for the lender, because of the possibility that the borrower could default with no means of repaying the debt.
Many lenders will look at the amount you wish to borrow relative to the turnover of the business, i.e. the overall ‘gearing’ of a business is taken into account.
Partner with us to arrange an unsecured business up to £500,000.
And if your company has a high enough turnover and shows a consistently good profit, much higher sums can be obtained.
An unsecured loan is the best option for your business if:
- You have good trading accounts
- Your business has a good credit score
- You can afford higher interest rates in return for not securing assets against the loan.
- You are looking for a shorter term loans, usually from 1 to 5 years
- You don’t have assets you wish to secure against the loan.
best unsecured business loans
apply for unsecured business loan
Start the process today and apply to get the best Unsecured Loan Agreement.
Before we can successfully process your application, there are a few requirements that your business must have in place.
Here is a list of the basic criteria for unsecured business loan:
- As the applicant, you must be a Limited Company or Limited Liability Partnership
- Your company must be based in the UK
- Your company must not have any county court judgements
- You can get started right away by completing our simple enquiry form below.
Our advisors are ready to take you through the application process and get you an unsecured business loan quote within 24 hours. You can also speak to one of our knowledgeable finance professionals for a FREE quote.
Working With You To Grow Your Business
Why Choose Coates Finance?
Key Benefits of Working with us
Fast and Simple
Personal and Flexible
Release the Cash You Need
Specialised and Open
Partner with Coates Finance
Get Started With Your Application an for Unsecured Loan
Fast Unsecured Loans in 3 Easy Steps
Our friendly team of experts are waiting to assist you and your company with an application for a unsecured business loan.
We’ll help you finalise a solution that meets your needs, and take the hassle out of the decision-making process so you can spend more time on what matters to you most – growing your business.
We have streamlined the application process and made it super simple to apply for the funding you need.
Complete the short form below and let’s get started today.
Complete the form below and speak to one of our knowledgeable finance professionals, who will answer your questions and guide you through the final steps to a solution that works for you.
You can also give us a call if you need immediate answers to your questions. Our friendly experts will happily answer any questions you may have before you begin your application.
Call us on 01904 948008
Lines are open
9:00am – 5:30pm Monday to Friday
(excluding UK bank holidays)
3 steps to success
We'll Help You Every Step Of The Way
Follow the simple 3 step process to finance your business today.
Once you have completed the first step, we will get you on a call to answer any more detailed questions you may have and move quickly towards getting your financial requirements successfully approved
Complete the Form
Complete the simple form below and apply online for the amount you need to grow your business
Receive Fast Approval
We will process your application and aim to get you approved for your desired amount in 24-48 hours
Now you’ve been approved, you can acquire the assets for you require to grow.
Let's Get Started
All you need to do is complete the form and submit your application to get started today