Get £5,000.00 - £500,000.00 without risking business assets.
Unsecured business lending designed for UK SMEs:
No collateral needed
Same-day funding
No hidden fees
Quick online application
SimplyFunded offers unsecured business loans for UK SMEs. No property or equipment required as security. Apply online and get a decision within hours.
Apply in 60 SecondsAn unsecured business loan is a form of financing that does not require you to put up assets as security. Unlike secured loans where property, equipment, or vehicles act as collateral, unsecured business lending is based on the strength of your business itself, including revenue, cash flow, and trading history.
This makes unsecured loans particularly attractive for businesses that do not own property or expensive equipment, or for directors who prefer not to risk company assets. If you cannot pay, the lender cannot automatically seize your assets, although a personal guarantee means you are personally responsible for the debt.
Use our business loan repayment calculator UK to estimate illustrative monthly or weekly repayments and explore different borrowing scenarios before applying.
They typically have fixed repayment terms, clear interest rates, and no hidden fees.
Our online application uses Open Banking business loan verification, so you can securely share recent transaction history instead of relying only on manual paperwork.
The application process is fully online and straightforward. You provide your company details, connect your business bank account for verification, and we assess your application based on your business performance. There is no need to value assets or arrange security.
Fill in your company and director details. Takes less than 60 seconds.
Securely connect your business account via open banking for verification.
Most applicants hear back within hours with a clear loan offer.
Funds transferred to your business account, often the same day.
The main difference is security. A secured business loan is backed by an asset such as property, equipment, or a vehicle. An unsecured business loan does not use a specific asset as collateral, which can make the process faster and simpler for SMEs that need flexible funding.
Secured loans can sometimes support larger borrowing or lower rates because the lender has an asset to rely on if the business cannot repay. Unsecured business loans are often better suited to smaller and faster funding needs, including stock, payroll, marketing, supplier payments, and short-term cash flow gaps.
If you want to compare funding options in more detail, explore our main business loans page, our guide to the best unsecured business loans, or review our bad credit business loans guide if credit history is part of the concern.
Unsecured business finance is strongest when the funding need is clear, the repayment plan is realistic, and the business has regular revenue. It is often used for short-term pressure points where waiting for a bank decision would slow the business down.
If speed is the main priority, compare our fast business loans. If the need is specifically day-to-day liquidity, see our working capital loans. For an SME-focused route, explore unsecured SME loans.
Most unsecured business loan lenders ask for a personal guarantee from a director or business owner. This does not mean the loan is secured against a specific asset, but it does mean the guarantor agrees to repay the debt personally if the business cannot.
A personal guarantee helps lenders offer unsecured funding without property or equipment as collateral. Before applying, directors should understand the commitment, check that repayments are affordable, and make sure the loan is being used for a clear business purpose.
SimplyFunded explains repayment terms before you accept an offer, so you can review the cost, schedule, and guarantee requirement before deciding whether to proceed.
An unsecured business loan is a type of finance that does not require you to pledge assets such as property, equipment, or vehicles as collateral. Instead, lenders assess your business performance, revenue, and cash flow to determine eligibility. SimplyFunded specialises in unsecured business loans for UK SMEs, typically backed by a personal guarantee rather than physical assets.
No collateral needed. No hidden fees. Decision within hours.
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