Business loans
Compare unsecured business loans for UK SMEs by borrowing amount, pricing, repayment term, eligibility and personal guarantee requirements. No specific business asset is usually pledged, but lender assessment and affordability checks apply.
No specific asset usually pledged
Unsecured borrowing typically does not require a specific business asset as security.
Personal guarantees may apply
Directors or owners may still be asked to provide a personal guarantee.
Pricing depends on assessment
Rates and terms vary by business circumstances and lender.
Business loans
Start Up, unsecured and secured options under Business Loans.
Business loans may be regulated differently depending on the borrower and agreement. An unsecured loan does not necessarily remove personal liability: lenders may require a personal guarantee, which can put the guarantor's personal assets at risk if the business cannot repay.
01
Check whether the lender supports the amount your business needs.
02
Compare the pricing structure, not just the headline number.
03
Some lenders accept younger businesses while others require established trading history.
04
An unsecured loan may still require personal liability from directors or owners.
05
Separate application/decision speed from the time it takes for money to reach the business.
WiT Money compares unsecured business finance using borrowing range, pricing structure, repayment term, trading-history requirements, eligibility, funding speed, personal-guarantee requirements and lender type. Results default to Provider A–Z. Representative APR sorting is offered only where lenders publish like-for-like representative APR data. Monthly rates, annual rates and personalised pricing are not ranked as if they were the same metric.
WiT Money may receive a commission if you proceed through some provider links. This does not determine the factual product information shown or which products qualify for inclusion. How WiT Money makes money →
Product information last checked: 13 September 2026
Default order is Provider A–Z. Representative APR sorting only includes products that publish a like-for-like representative APR. Monthly rates, representative APRs and personalised pricing are not ranked as identical metrics.
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Borrowing
£25,001–£150,000
Pricing
9.90%–13.75% interest range
+ 3% fee
Term
1–5 years
Security / Guarantee
No asset collateral · PG required
Key eligibility
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Borrowing
£10,000–£3,000,000 across current business-loan range; unsecured offer personalised
Pricing
Personalised pricing
Term
3–12 months
Security / Guarantee
No collateral · PG required
Pricing is personalised after assessment. No single public APR is shown.
Key eligibility
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Borrowing
£10,000–£500,000 unsecured
Pricing
From 0.9% / month
41.1% rep APR example
Term
Term sources differ
Security / Guarantee
No collateral · PG required
Monthly interest rates are not converted to APR on this page. Compare the provider’s own representative example where published.
Key eligibility
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Borrowing
£10,000–£750,000
Pricing
From 6.9% p.a.
+ completion fee
Term
6 months–6 years
Security / Guarantee
No asset security · PG required
Key eligibility
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Borrowing
£1,000–£1,000,000
Pricing
From 1.5% / 30 days
49% rep APR example
Term
1 day–5 years
Security / Guarantee
No asset security · PG required
Monthly interest rates are not converted to APR on this page. Compare the provider’s own representative example where published.
Key eligibility
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Borrowing
£1,000–£50,000 for published unsecured representative-APR band
Pricing
11.2% rep APR
Term
1–10 years online
Security / Guarantee
Unsecured band verified
Key eligibility
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Borrowing
£1,000–£100,000
Pricing
12.63% rep APR for £10k–£19,999
Term
1–7 years
Security / Guarantee
Unsecured · guarantee may apply
Key eligibility
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Borrowing
£10,000–£500,000
Pricing
From 1.99% / month
Term
Up to 60 months on current product listing
Security / Guarantee
Unsecured · PG required
Monthly interest rates are not converted to APR on this page. Compare the provider’s own representative example where published.
Key eligibility
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Borrowing
£1,000–£50,000
Pricing
11.2% rep APR
Term
1–7 years
Security / Guarantee
Unsecured · PG for LTD/LLP
Key eligibility
Existing Santander Business Current Account required
You’ll continue on the provider’s website. WiT Money may receive a commission or referral fee.
Borrowing
£1,000–£25,000 comparison band for unsecured option
Pricing
9.94% rep APR
+ arrangement fee
Term
1–10 years
Security / Guarantee
Unsecured option · PG may apply
Key eligibility
Existing TSB account required
Pricing structures, eligibility and product details are taken from lender disclosures and may change. Business lending is subject to status, affordability and eligibility. Representative APRs, monthly rates and personalised pricing are not directly interchangeable. An unsecured loan may still require a personal guarantee. Always confirm current terms on the provider’s website. Regulatory treatment varies by borrower and product — do not assume every business loan is FCA-regulated.
Affordability
Use this as a starting point — not a guarantee of eligibility or suitability.
Personal liability
A personal guarantee is an agreement under which an individual — often a company director — may become personally responsible for some or all of a business debt if the business cannot repay it.
No specific business asset is normally pledged.
The guarantor may still become personally liable.
Check the scope, limits and terms of any personal guarantee carefully before signing. This is not legal advice.
Compare loans
Neither option is universally better — compare security, cost, term and personal liability.
| Aspect | Unsecured | Secured |
|---|---|---|
| Security | No specific asset usually pledged | Asset used as security |
| Typical borrowing amount | Often smaller / medium facilities | Larger borrowing may be possible |
| Repayment term | Often shorter to medium terms | Longer terms may be available |
| Application process | Often quicker online journeys | May involve asset valuation / checks |
| Pricing | Often higher effective cost | May be lower where security is strong |
| Personal guarantee | May still apply | May also apply depending on product |
| Asset risk | Specific business asset usually not pledged | Secured asset may be at risk if repayments fail |
| Who it may suit | Working capital without pledging a specific asset | Larger / longer-term funding with acceptable security |
Repayment calculator
Illustrative amortising estimate using your own interest-rate assumption. Actual lender structures can differ.
Illustrative estimate only. Business-loan pricing and repayment structures vary by lender. Do not assume every lender amortises in exactly the same way.
Estimated monthly repayment
£830.36
Total cost
Compare total repayable — not the headline rate alone.
The core cost of borrowing.
Where applicable, APR can help show borrowing cost on a standardised basis.
Some lenders charge an upfront or added fee.
Some products may charge for repaying early.
Additional costs may apply if repayments are missed.
The total amount paid over the agreement is an important comparison measure.
Lender assessment
An unsecured business loan allows a business to borrow without usually pledging a specific business asset as collateral. Approval, pricing and loan size can depend on the lender’s assessment of the business.
Assessment criteria vary by lender. Factors often include:
How long the business has been operating.
Recent and historic business revenue.
Whether the business appears able to support repayments.
Business and, where relevant, personal credit information.
Current loans and financial commitments.
Why the business wants the funding.
Information you may be asked for
Requirements vary by lender and product.
Lender assessment
Typical areas lenders review before offering unsecured business finance.
How long the business has traded and its financial stability.
Revenue, bank activity and ability to make repayments.
Business and sometimes personal/director credit history.
How the money will be used and whether a personal guarantee is required.
Meeting common criteria does not guarantee approval.
Before you apply
Check affordability, total cost and personal-guarantee terms first.
Do not compare headline numbers alone.
An unsecured loan may still create personal liability.
Some products allow fee-free repayment while others may not.
Soft eligibility checks and full applications may use different checks.
Invoice finance, asset finance or an overdraft may suit some needs better.
Alternatives
Other products may suit different funding needs.
Regulation
Regulatory treatment can depend on the borrower, product and lending arrangement. Not all commercial business lending falls within the FCA regulatory perimeter.
Where relevant, check the exact provider and activity on the FCA Register.
FCA RegisterFAQs
Quick answers before comparing lenders or applying.
Rates, eligibility requirements and product information are periodically checked against lender and other appropriate primary sources.
What we compare
Reference links only — these organisations do not endorse WIT Money.
Found an outdated rate, borrowing range, eligibility rule or lender detail?
Email contact@witfinancegroup.com. We review reported inaccuracies and update verified information promptly.
Review eligibility, guarantees and total cost carefully — then explore related business finance options.