Simply Funded Unsecured SME loans can help established UK businesses access funding without pledging property, equipment or other business assets as collateral.
Check EligibilityUnsecured SME loans are designed for businesses that want working capital without tying up commercial property, vehicles or equipment. Funding from £5,000 to £500,000 may be used for stock, supplier invoices, payroll, tax bills, repairs, marketing or other legitimate business costs, subject to assessment and affordability.
Without physical collateral, the application depends more heavily on the strength of the business and its ability to repay. The review considers current revenue, cash flow, trading history, existing finance and the purpose of the borrowing.
SimplyFunded uses an online application and secure Open Banking connection to review business activity. No property is normally required, although a personal guarantee may be requested from a director or owner. Terms and pricing reflect the individual application.
To qualify for funding, your business must meet the following criteria:
Trading history of at least 6 months
Registered UK business (Limited Company, LLP, or Sole Trader)
Minimum £5,000 average monthly revenue
Director or owner holds at least 25% ownership
Initial checks use a soft credit search - won't affect your score
From application to drawdown in under 24 hours.
Enter your basic business details and securely connect your bank data via Open Banking - no paperwork required.
Our team reviews real-time trading metrics and bank data to provide a fair decision based on business health.
Once approved, accept your offer online and funds are transferred directly to your business account.
Unsecured SME loans do not normally require business property, equipment or other physical assets as collateral. The application is assessed using business performance, revenue, cash flow and affordability instead.
Check your eligibility online and explore unsecured funding for your business.
Apply for Funding