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Unsecured business loans offer a less intrusive route to funding, with a simple, fast application process

To consider a secured business loan, your business must supply security, usually in the form of a tangible asset such as commercial property, stock, machinery or a vehicle. If your business becomes bankrupt or insolvent, the lender can sell the asset to recoup costs.

As such, a secured loan usually entails a lengthier application process, as there are due diligence processes to conduct such as valuations, legal costs and business checks.

For certain business owners, unsecured loans are a better funding option, as no security or collateral is required, and it’s an easier and quicker way of receiving funding.

Our unsecured business loans work for small and medium-sized businesses in need of quick business funding to finance smart, long-term growth.

If you’re running a relatively new business, it’s quite common to lack assets or the credit history to secure funding from a conventional bank.

Our unsecured business loans allow your business to access the cash you need to grow for the long term, all without the restrictions, limited flexibility and other disadvantages of a traditional bank loan.

What is an unsecured loan?

A business loan that requires no security from the applicant is called an unsecured loan and is a far more flexible and focused funding solution — it's also a fast way to generate funding to grow your business. 

Our unsecured business loans are available for UK registered sole traders, limited companies, or partnerships, and don’t usually feature upfront costs. However, the cost of the funding may in some circumstances appear more expensive, as the funds are provided without any security or personal guarantees.

In these circumstances, the business’ trading history becomes very important as it ensures the amount due to be paid back can be afforded by the business in need of the money.

In these circumstances, the business’ trading history becomes very important as it ensures the amount due to be paid back can be afforded by the business in need of the money.

Unsecured loans are also suitable for businesses with a bad credit score or poor credit history as we don’t do hard credit checks. Instead, we apply a soft credit check, and ask for 12 months of your latest card statements to evaluate your business’ trading history.

How an unsecured loan works with 365:

A business that processes £10,000 per month in credit and debit card sales, is eligible to receive £10,000 in an unsecured business cash advance, with no interest rates or fixed terms. Repayments are automatic and deducted as a small percentage of your monthly credit and debit card payments.

Flexible finance for businesses

Get a quoteIt only takes 5mins

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Receive unsecured finance for your business in just a matter of days

Our cash advances are entirely based on the debit and credit card transactions of your business. This fast finance alternative to the traditional bank loan is popular with businesses reluctant to be tied into secured loans with high interest rates and fixed terms, making it far more suited to the volatility experienced by small businesses.

There are a number lenders on the market offering unsecured financing products, and in some cases, not only is no security required but these cash advances require a far less intrusive application process and the funds are usually with the business in a few days.

The amount of funding available through our merchant cash advance depends on the average monthly card takings of your business. Our unsecured business loans in the UK usually range from £5,000 up to £200,000.

We offer this type of funding to thousands of UK businesses, with:

  • An approval within 24 hours
  • No interest rates, APRs or fixed payments
  • No late penalties or hidden fees
  • Flexible repayments that don’t harm your cash flow
  • A focus on producing real, long-term results for your business

Small businesses can now grow and consider scaling, improving sales revenue and company expansion. Such flexible funding now rivals that of the mainstream lenders, as business owners are provided with an alternative way to easily access funds.

Using our unsecured business funding, you can:

  • Advertise and market your business to attract new customers, increase sales and generate more revenue
  • Increase your working capital to more easily pay your employees, suppliers and any other creditors without affecting cash flow
  • Buy new equipment and supplies to boost efficiency, access new opportunities and produce more revenue for your business
  • Enhance, expand or refurbish your location to increase your business’s potential to generate revenue
  • Make other changes to your business that you previously couldn’t make because of cash limitations

Unsecured Business Loans Further Details 

The current economic climate has resulted in mainstream lenders making it difficult to acquire unsecured capital, especially if the business requiring the finance has a less than reputable credit history. It is in these circumstances a mainstream or high street lender would demand additional security, whereas a merchant cash advance would work exceptionally well as an alternative source of business funding.

Unsecured business loans that are fast, flexible and require no guarantee, are becoming the standard go-to solution for UK businesses looking to secure capital with flexible terms and repayments.

Our unsecured business funding is designed to provide you with the access to capital you need to grow your business, even if your business is new, has a poor credit score or suffers from any other issue that could affect its access to conventional financing. We also provide a dedicated senior funding specialist to look after your application and the funding process. 

Get a no-obligation quote today.

Only repay us when your customers pay you!

Do I Qualify?

Qualification for our business cash advances is simple: Contact our customer services team to see if you are eligible.

  • In business for at least 12 months
  • Average monthly credit and debit card turnover of at least £5,000

Flexible finance for businesses

Get a quoteIt only takes 5mins

Flexible finance for businesses

Get a quoteIt only takes 5mins

Frequently Asked Questions View All

Our merchant cash advances are designed as a quick and easy business funding solution, for small businesses looking to raise between £5,000 and £200,000 for your business. Unlike a regular loan, there are no fixed weekly or monthly payments. You simply pay back a small percentage of your credit and debit card sales, which means that you only pay us back when you sell to your customers.

So if you’re having a quiet month, your repayments automatically reduce, which helps you manage your cash flow.

There is an all-inclusive cost that gets added to the advance, so there are no interest charges, APR’s or late fees.

  • Apply in minutes
  • 90% approval rate
  • Approval within 24 hours
  • No security or business plans required
  • Flexible repayments based on your card sales
  • One simple all inclusive cost, that never changes, agreed upfront

We understand that as business owners and entrepreneurs, your time is important and you need quick answers so that you can focus on your core business.

That’s why we've designed our business cash advances funding process to be fast, simple and hassle-free. We don’t require business plans or security for our alternative cash finance, and your advance will be approved in under 24 hours. The processing of the repayments happens automatically so there is no disruption to your business.

Best of all, it’s a cash flow friendly solution for your business designed to match your business performance, so you pay us back when you sell to your customers.

Unlike regular bank loans, there are no fixed weekly or monthly repayments on a merchant cash advance with 365. You simply pay back a small percentage of your credit and debit card sales, which means that you only pay us back when you sell to your customers.

So when sales are down, the repayment amount is also low which helps you manage your cash flow, especially during quiet months. Instead of charging you interest on the advance based on the length of time it is outstanding, there is a single, all-inclusive cost added to the advance, so there are no APR’s or late fees.

Best of all, the application process is much simpler than for a regular bank loan, and your advance will be approved in 24 hours and you can have the funds in your bank account within days.

See the comparison between our unsecured business cash advances and a traditional bank loan, here.

Click the “Get a quote” button for a no-obligation quote on a merchant cash advance.

Alternatively you can email us oninfo@365businessfinance.co.ukor call0207 1000 365to speak with one of our representatives.

  • You have been in business for at least 12 months
  • Your average credit and/or debit cards sales during this period are at least £5,000 per month.

Alternatively you can email us oninfo@365businessfinance.co.ukor call0207 1000 365to speak with one of our representatives.

Our cash advances range from a minimum of £5,000 up to a maximum of £200,000, in unsecured capital funding.

Our maximum advance size depends on your average monthly credit and/or debit card sales. Typically we can offer up to 100% of your monthly card takings. Should you require more, please call our office for a bespoke quote to match your needs.

Unlike a regular bank loan, there are no interest charges or APR’s on an unsecured merchant cash advance with 365. You pay a single, all-inclusive cost, which gets added to the cash advance and remains the same irrespective of the length of time it takes to repay.

There are no application fees, admin charges or hidden extras.

Contact our customer service team for a no-obligation quote on our quick business loans. 

You repay a small, agreed portion of your credit and debit card sales, which then reduces the balance outstanding on one of our.

So if you are having a quiet month, the repayment amount is also low which helps you manage your cash flow. There is no term on the product, so there are no additional charges if the advance takes longer than expected to repay.

You simply pay back a small, pre-agreed portion of your credit and debit card sales, so the exact length of time it takes to pay back a merchant cash advance depends on when you make sales to your customers. There are no fixed weekly or monthly payments.

No security is required for our unsecured merchant cash advances. To find out more information, readhere.

Yes, we provide ongoing cash advances for small to medium UK businesses.

Our merchant cash advances are fully flexible, so you can always apply for additional funding elsewhere.

We partner with a number of financial brokers and introducers to help their clients secure unsecured funding for their businesses, through an unsecured business cash advance.

We offer training to help you understand our products and gain access to co-branded materials, a dedicated broker contact and a competitive commission scheme.

So contact us on brokers@365businessfinance.co.uk or 0207 1000 365 to find out more about our broker referral scheme.

A cash advance could be in your account in today!

Get a no-obligation quote now!

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