Secured vs. unsecured business loans

Take control of your future with finance from the business loan specialists. Apply in 10 minutes today.

  • Apply online in 10 minutes
  • Decision in as little as 1 hour
  • Borrow £10,000 to £500,000
  • Rates from 4.3% - 12.1% p.a.
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British Business Bank

Funding Circle is accredited by the Government-owned British Business Bank to provide business loans of £25,001 to £350,000 under the Recovery Loan Scheme (RLS). .

What’s the difference between secured and unsecured business loans?

Unsecured Loans

Loans up to
£500,000

Unsecured loans

Unsecured loans allow you to borrow without giving security on any business assets, such as property or equipment. They’re a quick and easy way to get an affordable cash injection for your business.

Secured Loans

Loans up to
£1 million

Secured loans

Secured loans allow you to borrow more for your business as you can use business assets as collateral. If your business can’t pay back the loan in full, the proceeds from the sale of assets can be used to pay off the outstanding amount. It’s a great option for business finance if you want to borrow a large amount.

There are different assets you can use depending on the value and purpose of your loan:

  • Typically secured against all assets of the business
  • Property and large assets can also be used as security
  • May also require a personal guarantee

Unsecured and secured loans for almost any purpose
  • Boost your cash flow
  • Grow your business
  • Refurbish premises
  • Cover a one-off cost
  • Buy new assets
  • Manage uncertainty

Check your eligibility in 30 seconds with our online form without affecting your credit score.

Edward and Michael from Bramley & Gage used their small business loan to boost production with the purchase of a new gin still. Read more.

How to apply for a business loan

It’s quick and easy to apply for small business finance online and our support team are on hand if you have any questions.

  1. Check if you qualify in 30 seconds

    See if you’re eligible without affecting your credit score.

  2. Apply online in 10 minutes

    Tell us about you and your business with our simple application.

  3. Get your decision

    If approved, you’ll receive a no-obligation, personalised quote.

  4. Your loan is funded

    Once you accept, we run some final checks to process your loan and deposit the money straight into your account.

Apply now

Here to help if you need us

Our UK-based team are here to help throughout your loan.

0800 048 2467

Need help? Call us.


Brilliant service and every step is made to be as easy and straight forward as possible.
Mel, March 2021
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Everything about this process was straightforward. I would recommend Funding Circle to anyone looking for an unsecured business loan.
Mark, May 2017
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It’s been fantastic. It’s really progressed our company.
Nidal Al-Khail from Medina Capital Investments used his secured loan for property refurbishment.
FT
Funding Circle was the first “marketplace lender” to join the UK’s Coronavirus Business Interruption Loan Scheme
The Financial Times, April 2020

We’re here to help

Contact our team if you have any questions.

0800 048 2467

Need help? Call us.