What is an unsecured business loan?

An unsecured business loan is financing that doesn't require collateral, allowing businesses to access funds quickly and efficiently.

How can I qualify for an unsecured business loan?

Eligibility typically depends on factors such as your business's revenue, credit score, and financial history.

Asset finance

Funding for any business asset from vehicles to machinery through hire purchase or lease

Apply now

Any asset

Considered

From 6.2%

Interest rates

7 years

Terms up to

24 hours

For a decision

Hire purchase or lease

We can cater to both hire purchase (you own the asset) or lease (you rent the asset) so that you can finance the asset in the way that works best for you.

Bespoke

By changing different factors such as the amount of the deposit, the term of the finance, the balloon payment, interest-only periods and more, we can tailor the funding to your requirements.

Quick decision

With same-day online asset valuations and 24 hour underwriting (including instant decisions), you can have the asset financed and working for you within days.

Low criteria for eligibility

As the finance is against the asset, the criteria isn’t as strict and so you don’t need to be profitable or be a homeowner to get an approval.

Asset finance in detail

What is asset finance?

Asset finance is used to finance assets from vehicles to machinery and equipment for businesses. This is typically in the form of Hire Purchase where you own the asset and pay back the lender or Lease where the lender owns the asset and you rent it off them.

Approvals can be tailored to your requirements and prioritise different aspects such as the lowest monthly repayment, the lowest total cost, the lowest deposit etc.

Key features of asset finance

Simple application process – we do all the work for you, we just need the asset details, business bank statements and accounts.
Tailored approval – we can tailor the offer to suit your requirements best.
Quick decision – decisions typically within 24-48 hours.
Competitive interest rates – with rates from 6.2%, asset finance can be very competitive.
No early repayment penalties – make lump sum repayments or pay your loan back in full at any time and you don’t pay any of the outstanding interest.

Eligibility

- UK Limited Company
- Trading 6+ months
- Asset based in the UK (we can still assist if it’s abroad)
- No need to be a homeowner

How it works

Application

Tell us about your business and receive an instant quote

Approval

Receive multiple offers within 48 hours for you to decide which is best

Acceptance

Accept an offer and funds will be released within 24 hours

Trusted by thousands of businesses

Active Business Finance

5.0

Ian C.

2 weeks ago

Great service by Tom. Excellent financial packages sourced and setup which will make a real difference to my business. Would definitely recommend Active Business Finance for helping secure additional funding. I.Christie

Jason J.

1 month ago

I will give this Company A++ Rating I can highly recommend them and the professional staff they have. I can also say Callum is fantastic to work with, very on point and efficient thank you Callum and the team.

Alasdair W.

2 months ago

Amazing service - would recommend!

Joseph C.

2 months ago

Excellent service as always from Tom and Team!

Constandinos P.

2 months ago

Tom is fantastic, very experienced, quick and on the ball!

Dein M.

3 months ago

Tom Benton did an amazing job. Very attentive and detailed. Really appreciate the help and service.

Tendai M.

5 months ago

Sterling service from Tom from start to finish.

Misha S.

6 months ago

Great experience. Happy with the result.

Peter M.

6 months ago

Callum was incredibly proactive, helpful and knowledgable and got us just the funding we needed

Christine W.

6 months ago

Callum is great. Sourced the funds quickly, process was seamless. Highly recommend.

Georgia T.

6 months ago

Excellent service from the guys at Active Business Finance. The process was very easy and they helped me to get my business loan within a couple of days.

Ben G.

7 months ago

Thank you to Tom for his great customer service in sourcing a flexible credit facility for our small business.

Jayne T.

7 months ago

Thank you Callum and Tom. I was hesitant and unsure where to start - looking for some funding for cash-flow purposes post Christmas. You explained my options and the whole process was seamless and finding the right funding source within 24 hours was brilliant. Thanks again and will certainly approach you first when I next need to source funding.

Steven H.

8 months ago

Callum was brilliant from start to finish. He communicated clearly, kept us posted at every stage, and made the whole process feel straightforward. We’d originally spoken to another broker, but once we spoke with Callum, we switched immediately because the options he could offer were much better for what we needed.

Tracy L.

8 months ago

Thanks for your help Tom.

Kevin C.

8 months ago

Working with Tom Benton and his team was an outstanding experience. They were honest, hardworking, and incredibly diligent throughout the entire process. Their professionalism and commitment made everything smooth and stress-free. I would highly recommend them to anyone looking for a trustworthy and dedicated finance broker.

Callum, C.

8 months ago

I recently worked with Tom and Callum and the whole experience was excellent from start to finish. They were professional, efficient, and kept me updated throughout the entire process. Both Tom and Callum made everything clear and straightforward, ensuring everything was completed smoothly.

I’m really pleased with the service I received and grateful they were able to source the funding I needed. I would highly recommend them both to anyone looking for reliable and hassle-free support.

Joseph C.

8 months ago

Tom has been absolutely exceptional. His attentiveness always reassures me and always picks up when I call!
Highly recommend and will certainly be using again!

Thanks so much!

kochchu s U.

8 months ago

For the first time I have used Active Business Finance.
Callum made everything nice and easy in a matter of days. Thank you Callum.

Sandeep K.

9 months ago

Very satisfied with service , very helpful staff

MT S.

10 months ago

Active Business Finance is a reliable and professional firm that provides efficient and effective funding solutions for businesses. They offer a comprehensive range of services, including financing options tailored to meet the unique needs of each client. The team at Active Business Finance is known for its exceptional customer service, with Tom Benton in particular standing out for their caring approach, understanding, and professional demeanour. They were able to exceed my expectations and deliver results that exceeded my requirements promptly. I highly recommend Active Business Finance to anyone seeking reliable and efficient financial assistance for their business.

Business Loan Calculator

Customize your loan details to see your estimated repayment plan.

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Monthly Repayment £0.00

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Figures provided are estimates for illustration purposes only. Final rates depend on full underwriting.

Helping businesses like yours

Warehouse IT systems company

£200k unsecured term loan

The client provides software to manage the stock within warehouses. They are looking to work with larger warehouses but they needed to develop their software and increase their infrastructure to cater for this.

As a result, they approached us for £200k to achieve this. We managed to provide them with a £200k unsecured term loan over 6 years at a competitive interest rate.

Wardrobe manufacturer

£750k credit facility

A bespoke wardrobe manufacturer approached us for a funding solution to help with increasing material costs and cash flow for larger projects.

For this, we sourced them a £750k credit facility that allows them to drawdown the funds that they require and they only pay interest on the amount drawn. This gives them complete flexibility and the interest-only repayments keeps the pressure off cash flow.

A chain of 4 retail shops

£85k cash advance

The business comprises of 4 retail shops that were looking for funding for refurbishment and stock. They were a seasonal business and also struggling with cash flow.

As a result we sourced them a £85,000 cash advance where the repayments are based on a % of card sales so that they don’t have a large monthly repayment. They simply pay a small % of their card sales until the loan is repaid so that if their sales fall, so do their repayments.

eCommerce company

£550k Credit Facility

The client runs an eCommerce store and they were looking to increase their product range, fund larger upfront stock purchases and improve general cash flow.

For this we provided a £550k credit facility that they could dip in-and-out of when they needed it and they only paid interest on the funds drawndown. This provided complete flexibility for their requirements.

Speak to a specialist

Call us on 020 4525 2521

or email us at funding@activebusinessfinance.com

Apply now

Am I eligible for a business loan?

Submit our application form above and one of our finance specialists will contact you to check your eligibility and discuss the options available to you. Ideally we require a minimum of 12 months trading and a turnover of at least £100k.

Will this affect my credit score?

No. We do not run any credit checks on you. We are very selective about the Lenders we apply to on your behalf and they only run a soft credit check which will not have any impact on your credit rating.

How much can I borrow?

When you submit our application form above, one of our finance specialists will contact you to check your eligibility and advise you know about how much you can borrow. This will depend on the financial position of your business and we will discuss this when we contact you.

What documents do I need to provide?

The documents required varies by lender and your requirements, however we will typically ask for your business bank statements and latest accounts.

How long does the process take?

The process depends on the product applied for, but typically funds are arranged within 2-3 working days of receiving the information we require.

Do you charge any fees?

No, we do not charge any fees. Our fees are paid by the lender, so there is no difference whether you go direct or through us.

I have poor credit, can I still get a loan?

Yes. There are lenders who are happy to provide funding to businesses with poor credit although you may have to pay a slightly higher interest rate unless you are willing and able to provide security. Apply now and one of our finance specialists will be able to let you know what options are available to you.