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DECISIONS WITHIN 24 HOURS

        • What type of funding options are you looking for?
        • Growth Guarantee Scheme

          A government backed loan to support businesses affected by the pandemic.

        • Unsecured Business Loan

          Business loans up to £500k, without the need to secure on property or assets.

        • Secured Business Loan

          Business loans up to £2M, secured against a UK property by way of 1st or 2nd charge.

        • Asset Finance

          Acquire new or used equipment, machinery or vehicles and spread the repayments over 1-6 years.

        • Merchant Cash Advance

          Borrow up to 2x your monthly card sales and repay through a small % of your future takings.

        • Invoice Finance

          Release up to 90% of your owed invoices, either through a selective or whole debtor book facility.

        • Bridging Loans

          A short term facility, allowing you to raise quick capital by securing on a UK property.

        • Revolving Credit Facility

          A pre agreed credit facility, allowing you to dip in and out for future funding requirements.

        • What type of funding options are you looking for?
        • Construction Finance

          Secure construction business funding here.

        • E-Commerce Funding

          Funding for staff, inventory, marketing, & more.

        • Recruitment Agency

          Finance solutions for recruitment agency growth.

        • Healthcare Business

          Quick online applications for healthcare loans.

        • Restaurant Business

          Fast funding solutions for restaurant businesses.

        • Wholesale Funding

          Secure financing for your wholesale business.

  • About
  • Knowledge Hub
  • Contact Us
        • What type of funding options are you looking for?
        • Growth Guarantee Scheme

          A government backed loan to support businesses affected by the pandemic.

        • Unsecured Business Loan

          Business loans up to £500k, without the need to secure on property or assets.

        • Secured Business Loan

          Business loans up to £2M, secured against a UK property by way of 1st or 2nd charge.

        • Asset Finance

          Acquire new or used equipment, machinery or vehicles and spread the repayments over 1-6 years.

        • Merchant Cash Advance

          Borrow up to 2x your monthly card sales and repay through a small % of your future takings.

        • Invoice Finance

          Release up to 90% of your owed invoices, either through a selective or whole debtor book facility.

        • Bridging Loans

          A short term facility, allowing you to raise quick capital by securing on a UK property.

        • Revolving Credit Facility

          A pre agreed credit facility, allowing you to dip in and out for future funding requirements.

        • What type of funding options are you looking for?
        • Construction Finance

          Secure construction business funding here.

        • E-Commerce Funding

          Funding for staff, inventory, marketing, & more.

        • Recruitment Agency

          Finance solutions for recruitment agency growth.

        • Healthcare Business

          Quick online applications for healthcare loans.

        • Restaurant Business

          Fast funding solutions for restaurant businesses.

        • Wholesale Funding

          Secure financing for your wholesale business.

  • About
  • Knowledge Hub
  • Contact Us
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Apply for an Unsecured Business Loan To Help You Grow Purchase Stock Employ Staff Expand Pay Suppliers

Looking to obtain an unsecured loan for your business? We can help. We work with hundreds of lenders to get you the best loan terms possible.

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Happy woman looking at business loans on a smart phone

From 8.9%

Interest rates per annum

£50,000 +

Annual turnover

1 month – 6 years

Companies only

£10k - £2M

Funding requirement

Our lending partners

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About Securing Business Loan

What is an unsecured business loan?

Get your free, no
obligation quote Today!

How much do you want to borrow?

£10k
£ 50000
£500k
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.

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Business Loan Calculator

Loan amount
£10k £500k
Over How Long?
Very poor risk can only borrow for 1 year
Select Your Credit Profile
Monthly repayment
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Completion fee
Interest -
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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.

Navigate our range of business
funding options to find out more

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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100+ Happy Customers & Counting

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Unsecured business loans: FAQs

All lenders work slightly differently from each other, but most will either lend on a percentage of your turnover or a multiple of profit. Usually, they will only lend a maximum of 40% of annual turnover. So, if your annual revenue is £500,000, you will be able to borrow up to £200,000.

Lenders will look into your historical financial data and your credit profile to assess your affordability. Loans typically range from £1k – £500k.

Unlike a secured loan, where you will have to put tangible assets up as security, unsecured loans do not require this. As the name suggests, you don’t need to have any assets behind you, meaning tenants can also apply for this loan.

 

Unsecured loans can be sourced a lot quicker than other loans, sometimes within 48 hours, as there is no need to obtain a valuation on your assets. Although rates are likely to be more expensive than a commercial mortgage, interest rates can still be very competitive.

 

In addition to this, with an unsecured loan, most lenders will not penalise you for settling early. Therefore, if your business is performing better than expected you can pay off your loan before the maturity date and save yourself interest on the deal. Some lenders will also allow you to make over-repayments any time throughout the contract, free of charge.

We can look to assist companies that have been trading for longer than 6 months and have a minimum monthly turnover of £10,000. Unsecured loans are not available for start-ups.

Yes, your credit score will be checked. Once your application is submitted, and with your permission, we will run credit checks on the business, as well as its directors/shareholders. If you have bad credit, this doesn’t automatically mean that you won’t be approved, but your chances are higher the better your credit is. This is because the loan isn’t secured against property or assets, so there is a higher risk for the lender.

This will vary from lender to lender, however you can expect interest rates to start from 5% per annum. Some lenders may also charge an admin fee – this will be a percentage of the loan amount and will likely be deducted from the loan, so there is no need for any upfront fees to be paid.

Yes, like any line of credit, your credit score may affect your application for an unsecured loan with some lenders.

 

If your business is in need of finance and you have a poor personal or business credit score, we still have lenders that could assist. This will all depend on your individual circumstance and why you have poor credit. If you have any unpaid CCJs, recent liquidations, bankruptcies or IVA’s it is less likely that unsecured lenders will approve your deal. However, there are plenty of other options available to companies with poor credit, such as a merchant cash advance or secured loan.

Unsecured startup loans are not available to small businesses. Instead, a secured loan would be better or a specific startup loan.

As business lending specialists, we can match you with a lender from our panel of providers across all types of business financing. When you apply for an unsecured business loan through Aurora Capital, we’ll take your information and find the lender who is best suited to your requirements and who is offering the best terms. We have unparalleled access to the entire business finance market, allowing us to guarantee the very best loan deals for our clients, every time.

When you take out an unsecured loan, you’ll agree to payment terms and interest rates payable over the course of your loan or at the end of the term. If you can’t meet your monthly repayments, each lender will have a different loan recovery process. When you apply, you can learn more about different payment terms and collections.

When you apply with Aurora Capital, a decision for your application can be received in as little as 24 hours.

Small business loans can be both secured and unsecured depending on your needs and available assets or property.

Prefer to talk? Call us on 020 3355 7462
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