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Unsecured Business Loans

How do unsecured business loans work and is it the right loan solution for your business?

31 reviews

Our reviews are based on realtime feedback 

Our reviews are based on realtime feedback 

Unsecured business loans offer SMEs in need of funds but short of assets with a quick and easy solution. These loans don’t require security, which means you don’t need to use an asset to secure the funding. There are a variety of lenders on the market who offer loans of this type up to as much as £250,000.

How do unsecured business loans work?

Unsecured business loans give your business immediate funding without securing the loan against any assets, which a lender would usually sell if they needed to recoup the value of the loan if things didn’t work out. Most businesses repay the loan in installments over a fixed time period.

Is an unsecured business loan right for my business?

There are many benefits to this type of loan, and both new and established businesses utilise this option. With no assets required, it makes this type of funding very accessible to all businesses and the money is released a lot quicker than traditional bank loans. They can be used to spend on anything from new equipment to training and many come with flexible repayment terms.


What are the main pros and cons of an unsecured business loan?

Pros

    • No assets required to secure the loan
    • Businesses can choose what they spend the money on
    • Flexible payment terms - they can be repaid over short and medium terms

 

Cons

    • Tend to be more expensive than traditional bank loans
    • They can create potential for significant debt​​
    • With no assets to secure the loan against, lenders take a detailed look at the full picture of your business including business plans and cash flow

  • Have you thought about Invoice Finance as an unsecured business loan option for your business?

    Invoice finance allows you to release cash quickly from your unpaid invoices.

    As your lender, we can release up to 90% of your invoices within 24 hours. On payment of the invoice from your customers, we will then release the final amount minus any fees and charges. There are different types of invoice financing options available to businesses depending on the situation and the level of control they require in collecting unpaid invoices.

    We are an invoice financing company who offer a solution whereby payments are collected on your behalf managed by our team of expert credit controllers so you can focus on running your business. Our Confidential Invoice Discounting solution is offered to businesses who want to maintain their own credit control processes, therefore this remains strictly confidential so your customers are unaware of our involvement.

    The benefits of invoice finance companies such as Hitachi Capital
      • Boost your cashflow without having to wait up to 120 days for your customers to pay you
      • An invoice finance company with a revolutionary digital onboarding process, giving you quicker access to funds and the ability to take on new business remotely during this lockdown period
      • Release up to 90% of the invoice straight away, and the final 10% when the invoice is settled
      • No need to chase your invoices, we can do it for you
      • 6 month trial period followed by a rolling contract

Get a quote online or call 0808 250 0859

We will use your details to contact you in relation to this enquiry only.


We have revolutionised invoice finance with our digital onboarding process


We are an award winning invoice finance company

Highly Commended Factoring Provider 2021

Best Invoice Finance Service 2021

Best Invoice Finance Provider 2020


4.7/5

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Please note that costs are an estimate only and are based on the entered values. Your final quote may change once a Business Development Manager has assessed your business in more detail.

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Why choose Hitachi Capital Invoice Finance as an alternative to an Unsecured Business Loan

      • A 6 month trial period so you can be sure the product is right for you
      • Followed by a 6 month rolling contract – we don’t tie our clients in for long periods
      • A one fee solution with no hidden fees
      • Award-winning client service by our team of expert Client Managers
      • Our Relationship Management team are in the field to visit you in person
      • We are part of Hitachi Capital (UK) PLC, a company that is going from strength to strength – we’re here for the long term.

Smarter, Faster and Simpler Cashflow Finance with Hitachi Capital

Smarter, Faster and Simpler Cashflow Finance with Hitachi Capital

Smarter, Faster and Simpler Cashflow Finance with Hitachi Capital

Find out how we are revolutionising the way UK SME's access cashflow finance.


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Contact our friendly UK advisors on freephone

0808 250 0859

08.45 - 17.15 Monday to Friday