Unsecured Business Loans

Almost every business needs quick, unsecured small business loans at some point. It’s tough for small businesses to maintain constant cash flow, expand, or invest in necessary upgrades when financing is inaccessible. Peer to peer lending meets this small business funding need with terms that work for real companies. Here are some examples of some of the best P2P business lenders.

A quick, easy, and effective solution to manage cashflow issues. Get loans against unpaid invoices, starting from $500. Quick and easy approval process, fully automated.

Quick Approval
Praised by Media
Target Audience: US Merchants with Unpaid Invoices

Overall Rating

Effective

Funding Circle, named "revolutionary" by mainstream media, and backed by UK government, is one of the most honest and transparent companies for borrowers from the UK & the US, with APR as low as 6%.

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

Overall Rating

Top Lender

The world's most famous Peer to Peer lending for businesses is that for a reason. The quality of service, ease of use, promptness, and of course the low interest make it a superb choice.

Quick Approval
Most Reputable
Target Audience: Small US Businesses

Overall Rating

Superb!

iWoca provieds superb solutions for short term borrow of up to 6 months, of £10,000 - £50,000. Approves in minutes, credible, and fairly low requirements.

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

Overall Rating

Quick!

Liberis is UK's largest merchant cash advance provider. Those who use it highly recommend it, and its steady growth symbolizes that more than anything else.

Quick Approval
100% Happy Clients (Feefo Reviews)
Target Audience: All UK Accepting Payments By Card

Overall Rating

Helpful

One of the most innovative companies in the domain of business loans, with unique possibilities which are not accessible via traditional cash advance, or traditional Peer to Peer lenders.

Quick Approval
Average Rating 9.2 in TrustPilot
Target Audience: £3000+ Per Month with 20% Margin UK Businessess

Overall Rating

Innovative

A much needed invoice factoring service for small US-based businesses, starting from micro-loans of $5,000 up to $50,000 lent against unpaid invoices. High APR - For Immediate Cashflow.

Quick Approval
Positive Media Coverage
Target Audience: US Merchants with Unpaid Invoices

Overall Rating

Quick

OnDeck is a solid, publicly traded, company, with great user feedback. Approval in 1-10 hours. Proven business model which works and thrives. Now also in <a href="http://smallbusinessloansaustralia.com/ondeck-review-borrowers/">Australia.</a>

Same Day Approval
Average User Rating 9.6 in TrustPilot, Media Critics
Requirements: FICO Score 500+ Only

Overall Rating

Solid Choice

fca

All Companies Featured On This Website Are Approved By The Financial Conduct Authority

Quick Approval

Quick Approval

Lenders on this list offer quick, up to 3 business day, approval on applications.

Flexibility

Flexibility

Lenders offering unsecured business loans, usually offer several other types of financing. Flexibility is the name of the game.

Credibility

Credibility

Only companies regulated by the FCA in the UK.

Only regulated lenders in the USA.

Why Unsecured SMB Financing?


Online companies offering unsecured small business loans are a vital option in today’s world for many reasons. Many businesses are denied financing due to poor credit, stifling growth. Others have financing available through traditional lending institutions, but the lengthy process and demands of applying don’t allow them the money when they need it.

The above lenders have a much more efficient method of establishing credit worthiness, often based on a merchant’s business health and selling history, not a simple credit score. Proprietors who have been denied a loan through traditional lenders will find these methods fast, easy, and surprisingly affordable.

 Which businesses use unsecured business loans as a financing solution?


The list of businesses that have benefited from Peer to peer business financing is enormous, and ever growing. Some lenders work with only web merchants. Others provide loans to brick-and-mortar institutions: restaurants, salons, markets, etc. Today, if your business makes money, you can find a lender in this burgeoning ecommerce market.

What Should a New Borrower Know?


The unsecured small business loan market is evolving quickly. Emerging on a broad scale around 2010 with lenders like ZOPA, billions of pounds have been lent to more than a million businesses industry-wide. P2P business lending adapts to meet the needs of broad and niche groups, like invoice borrowing and even large development loans. New users should look for trusted companies, clear terms, and ample user feedback from independent sources. For users like Elliott62 on ReviewCentre, services like Zopa beat all other providers. SalGal53 cautions against high interest rates, in an otherwise glowing testimonial.