Unsecured small business loan
Fast and simple online application
To assess if you’re eligible for a loan, we won’t ask you to submit a pile of paperwork. We only ask for the basics to keep the process as quick and easy as possible.
Fast 24-hour loan approval
Once you submit your loan application, you can expect to receive a decision within one business day, sometimes even sooner. Our team will be in touch to go over the process and address any questions you may have.
Access funds same business day
Once your loan is approved and electronic documents signed, the funds will be transferred into your nominated account on the same business day.
How does the application process work?
We keep things simple.
An unsecured business loan differs from a traditional loan because you don’t need to place an asset up as security. Instead, the lender assesses whether you can access the loan based on the risk your business presents.
The benefit to this is that your assets aren’t at risk if you default on the loan. The lender cannot claim your property, equipment, or any other assets as part of their repayment.
However, this does not mean that the lender cannot take other actions against you if you default.
Fast 24-Hour Loan Approval
Minimal Docs Required
High Approval Rates
5-Minute Online Application
We need to conduct checks on your ability to service your unsecured business loan. As a lender, we take on more risk when we provide an unsecured loan. Your bank statements serve as proof that you have the ability to make repayments.
This need for proof is also why we only accept the original statements, rather than copies. It’s possible that an applicant may alter a copy to provide an unrealistic picture of their financial situation. We require complete transparency on your part so that we can assess your situation accurately.
As explained above, this depends on several factors. The age of the business has an effect. An established business will likely obtain a lower interest rate, assuming it has a healthy cash flow.
How you accept payments will also have an effect. Businesses that predominantly accept payment via invoicing may face higher rates. We will provide you with all of the relevant information relating to your interest rate when you make your application.
To quality for an Unsecured Finance Business Loan you will typically need to have the following:
A business with 6 or more months trading history.
Turnover in excess of €10,000 per month
Regular cash flow (daily, weekly or monthly)
This is one of the key benefits of an unsecured business loan. Generally if you apply during business hours and are approved funds can be transferred before the close of that business day.
