Unsecured business loans, clearly explained
If you need funding for your business, we can help you explore unsecured loan options and understand the commitments involved. We arrange finance; the lending decision rests with the lender.
What does unsecured mean?
An unsecured business loan does not require a specific asset to be pledged as collateral. However, a lender may require a personal guarantee. This can make the guarantor personally responsible if the business does not repay. Unsecured does not mean risk-free.
Start with the purpose of the borrowing
Tell us how much you need, what the money will fund and how the business expects to repay it. We can discuss planned investment, working capital and other business needs, and whether an unsecured loan is worth exploring for your circumstances.
Understand the full commitment
We help you review the repayment schedule, total amount payable and key conditions of an offer. If borrowing is intended to address recurring losses or ongoing repayment difficulties, adding another loan may not resolve the underlying issue.
Is approval guaranteed?
No. Availability and terms depend on lender assessment and your business’s circumstances.
What information should I prepare?
Bring the amount and purpose of the borrowing, recent business financial information and details of existing commitments. We will explain the documents needed for the lenders being considered.
Could a personal guarantee affect my own finances?
Yes. A guarantee creates a personal obligation under its terms. Understand the exposure and take independent legal advice before signing.
Explore your options
Request a callback to discuss your business and the funding you need. Finance is subject to status and lender criteria. Personal guarantees may be required.
Let’s discuss your next step
We are a credit broker not a lender. Cogent Finance is a trading style of Cogent Finance Limited, registered at 9 Freetrade House, Lowther Road, Stanmore, HA7 1EP. Company Register number is 08858716. Cogent Finance Limited is Authorised and Regulated by the Financial Conduct Authority. Our FCA registration number is 727183. You can check via www.register.fca.org. We are registered with the ICO, ZA101760 and you can check via www.ico.org.uk. We conduct unregulated business only and therefore not all products provided through us are regulated by the Financial Conduct Authority. We source finance from the whole of market. We may receive commissions that will vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.
Cogent Finance Ltd is a member of the National Association of Commercial Finance Brokers (NACFB).