BUSINESS LOANS
If you want a business loan without offering security, an unsecured business loan might be just what you’re looking for. An unsecured business loan is a loan that doesn’t require security. It can be a great funding option for businesses that don’t own many assets and businesses that would prefer not to offer security, or any company that’s growing fast and needs finance quickly.
You can borrow unsecured loan amounts from £5,000 up to £500,000.
Examples of what business loans are used for include:
- Cash flow boost
- Contracts and projects
- One-off costs
- Premises expenses
- Grow your business
- Refurbish premises
- Buy new assets
- Deposit for commercial mortgage
- Manage uncertainty
- Payment of tax bills
- Refinancing existing unsecured borrowing
Personal guarantees:
Our lenders will only take a personal guarantee and there is no debenture required. Personal guarantee is a written promise to repay a business loan if the company borrowing the money defaults. It’s because lenders like a certain amount of assurance that the money they loan will be paid back, regardless of circumstances. When someone offers their personal guarantee on a loan, they are effectively committing to honour the terms of the loan, highlighting and underlining that a business owner is honest and responsible.
If you are looking to set up a new business this solution may not be right for you but there may be other ways we can help.
If you own your own home or another property we have lenders who can assist with loans for start-up businesses secured against one of these properties.
You may also want to explore the Government backed Start-up loan with free business support. Through this scheme, you could borrow up to £25000 to kick-start your new business for 1-5 years and at a fixed interest rate of 6%.
Have a more specific question you need answered? Ask our mortgage experts by clicking the button below.
CROWN FINANCIAL LTD
- Crown Financial Ltd (FCA No.959847) is an Appointed Representative of Connect IFA Ltd (FCA No. 441505) which is Authorised and Regulated by the Financial Conduct Authority and is entered on the financial services register (https://register.fca.org.uk/) under reference 959847. The FCA does not regulate some forms of Business Buy to Let Mortgages and Commercial Mortgages to Limited Companies. The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.
- Crown Financial Ltd Registered Office: 118B, Gubbins Lane, Romford, RM3 0DR. Company Registered in England and Wales Reg. 13486324. Crown Financial Ltd is registered with the Information Commissioner’s Office under registration reference: ZB243625. Copyright © 2021 All Rights Reserved.
- A fee will be payable for arranging your mortgage with Crown Financial Ltd. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity, but this is typically 0.5% of the mortgage balance, e.g. £500 for a mortgage of £100000. Initial consultation is always free.
- A fee of (minimum £99 – £199) is payable at the outset when you apply for the mortgage.
- We don’t charge any fee for insurance services.
- Commission disclosure: We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.
- Making a Complaint: It is our intention to provide you with a high level of customer service at all times. If there is an occasion when we do not meet these standards and you wish to register a complaint, please write to: Compliance Department; Connect IFA Ltd, 39 Station Lane, Hornchurch, RM12 6JL or call: 01708 676110. If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service www.financial-ombudsman.org.uk
- Your home may be repossessed if you do not keep up repayments on your mortgage or loans secured on it.
