Best Unsecured Business Loan Companies in The UK

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Average Rating 9.5 in TrustPilot, Backed By UK Gov't
Target Audience: All UK/US Businesses; Min. 2 Year History

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9.7 Score on TrustPilot
Target Audience: UK Business & Sole Traders - £10,000+ Annually

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100% Happy Clients (Feefo Reviews)
Target Audience: All UK Accepting Payments By Card
All lenders presented on our UK section are approved by the FCA. View more business loan company reviews using the following link
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How do we rank


These are the three pillars of reviewing business lenders in the UK

Fast Response

Fast Response

The reason that small businesses apply for a loan with a non-bank lender is that they can receive a quick response time and be approved instantly.

Open Mindness

Open Mindness

Alternative financing, is to us, a completely different kind of beast than bank loans. We expect a much higher level of flexibility from an alternative lender in the UK than a bank. Unsecured business loans is a good example of that.

Authority

Authority

A big portion of the grading we do is a result of one attribute – industry authority. We look for big and established lenders who have proved over time that they can stand up to their promises and have kept their customers happy over time.

Our Website’s Categories


Bad Credit Loan

Bad Credit Loan

Rejected by banks? There is still hope. View our list of most flexible lenders.

P2P Lending For Businesses

P2P Lending For Businesses

Peer to Peer Lenders can offer excellent terms for healthy businesses.

Invoice & Cash Advance

Invoice & Cash Advance

Traditional type of financing + Technology = The quickest and easiest way of securing funding.

F.A.Q

F.A.Q

Understand how online lenders operate, and which type of businesses they apply to.

More about UK Business Loans


Small businesses in the UK are struggling to get financing and there are constant government attempt to boost financing options which are readily available for SME owners. Like everywhere in the world like in the USA or Australia, small businesses need not only access to funds as supplied by banks, they also often require quick and efficient funding. That is what we would like to refer to as “alternative funding” or “alternative financing”. The UK business loan companies appearing on our website are not only another source that can get you funds – they operate in a completely different way than banks!.

YES, the fundamental of lending and borrowing are always relative to the RISK of defaulting. It’s not like alternative lenders in the UK are looking to get their loan repayment defaulted. Not at all. With that being said, small business loans in the UK by business loan companies are far more agile, flexible, and immediate than a bank loan. Whereas most traditional lender will require securities and collateral in order to facilitate a loan, UK online business lenders as the ones we have reviewed and recommended don’t.

What separates the traditional lenders like banks than new “online” lenders in the UK is simply put, technology and innovation. While the same basic principles of risk apply, the efficiency is much higher with the “new wave lenders”. They can harness the power of technology to look into a merchant’s statistics through APIs, and they can harness the power of smart algorithm to assess whether a loan will be garnished successfully by the borrower.

Are UK online lenders definitely better than banks for small business

The answer is yes and no. To each business are different needs. Alternative lenders in the UK will probably be able to provide the business funding quicker than banks would, but at the cost of a higher interest rate. Whereas many banks charge early repayment fees for a loan, online lenders normally don’t. There are significant differences between the two but none is better than the other per se.