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It takes minutes to apply, there’s no effect on your credit score and can obtain decisions within 24 hours.

“Aurora makes it very simple and easy to get funding for my business. Their team is proactive, moves with great speed, and is highly professional.”

Stephen verified customer

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you want to borrow?

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£10k
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“Aurora makes it very simple and easy to get funding for my business. Their team is proactive, moves with great speed, and is highly professional.”

Stephen verified customer

The data you are about to submit may be used in the course of us providing our services to you. By submitting this Form, you consent to appoint us, Timali Limited, the Broker, on the terms set out in our Terms & Conditions and Privacy Policy. We will liaise with lenders who may agree to provide a finance facility for your business, facilitate the exchange of information and data between you and such lenders and to provide general advice and reasonable assistance with completing an application that may be required to apply for, process and receive a finance facility referred to herein.

From 10%

Interest rates per annum

Up to 75%

Loan to Value

2 years – 15 years

Loan term

£25k - £500k

Funding requirement

Our lending partners

About Securing Business Loan

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Am I eligible for an unsecured business loan?

All companies that have been trading for at least six months and have a monthly turnover of more than £10k can apply for an unsecured business loan. You do not need to be a homeowner with all unsecured lenders, but some lenders may require you to hold assets under your name.

Each lender will assess your personal and commercial credit files to determine your credit profile. This means that if you have any outstanding CCJs, this could affect your application. Therefore, we advise that you settle these before submitting an application. Liquidations, bankruptcies and IVAs may also affect your application.

What is an unsecured business loan?

An unsecured business loan allows businesses young and old to borrow money with an agreed payment schedule and interest rate. The term ‘unsecured’ means that applicants aren’t required to secure the loan against any commercial or residential property or assets; however, some lenders may ask for a personal guarantee. Unsecured business loans can be used for many different purposes, but they must be used within the business and cannot be taken out for personal use. Typical uses include:
  • Cash Flow
  • Business Growth
  • Stock Purchase
  • Settling Bills
  • Refinancing existing debt
Unsecured loans are usually fast to arrange, competitively priced, and are ideal for SMEs who don’t own many assets or who don’t want to put their assets up as collateral. With a variety of unsecured lenders offering loans up to £500k over a maximum term of six years, there are options for a wide variety of funding solutions. On the whole, unsecured loans are easier to secure and more accessible to a wider range of businesses. Seeking a loan of more than £500k? Look into our secured business loans instead.

How do unsecured loans work?

An unsecured business loan works in the same way as a regular business loan where repayments are made monthly, weekly or daily depending on your agreement. Loan terms can be anywhere between one month to six years according to your business needs.
The loan can be used for almost any expense in the best interest of the business. Businesses usually use these loans for growth and development, refurbishment, capital expenditure or stock. Some business owners and borrowers also use unsecured loans to consolidate other types of debt they have if the loan terms are more favourable.
Unlike secured loans, ‘unsecured’ means your loan is not secured against any personal or business assets, such as property, equipment, vehicles or machinery. An unsecured loan will most likely require a personal guarantee from one or multiple directors.

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All companies that have been trading for at least six months and have a monthly turnover of more than £10k can apply for an unsecured business loan. You do not need to be a homeowner with all unsecured lenders, but some lenders may require you to hold assets under your name.

Each lender will assess your personal and commercial credit files to determine your credit profile. This means that if you have any outstanding CCJs, this could affect your application. Therefore, we advise that you settle these before submitting an application. Liquidations, bankruptcies and IVAs may also affect your application.
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obligation quote Today!

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Prefer to talk? Call us on 020 3355 7462

Securing business funding:
How it works

Aurora Tell us more about yourself

1

Apply Online in minutes

We cater to any sized business, so to apply for business funding, we only need you to share basic information about your company. Your application will take a few minutes, and our experts are always happy to assist with any questions you have about specific loan types or alternative finance options.

2

Get Matched in hours

Our LendTech technology will compare our trusted panel of lenders and match you with your most suitable finance option. Each business funding option is different, and we’ll help to make sure you’re fully clued up on the terms and conditions as well as indicative repayment details.

Aurora | Get Matched In Hours
Aurora | Get Funded In Days

3

Get Funded in days

One of our funding specialists will discuss the available options with you and guide you through the process from application to approval. Once approved, the funds can be deposited in a matter of hours.

Business Loan Calculator

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For illustration purposes only. Our experts will calculate the rate you may be offered based on your individual circumstances. This is not an offer or quote for your business.

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We understand that timing is key when you’re looking to find funding options for your business, so our process is as quick and as streamlined as possible.

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Frequently asked questions