Borrow without offering a specific business asset or property as security. Approval depends on trading performance, affordability and credit, and lenders commonly ask directors for personal guarantees.
May suit established businesses that can support regular repayments but do not have, or do not want to finance, a specific asset.
No specific asset is charged as security, but a personal guarantee can still expose a director’s personal assets if the company defaults.
The process may avoid property valuation work, but timing depends on the lender, information supplied and any further checks.
Use for any business purpose - working capital, expansion, equipment, marketing, or seizing opportunities.
We specialize in funding for professional practices across the South West
Seasonal cash flow, expansion, new software, or acquiring client books
Case funding, office expansion, recruitment, or technology upgrades
Project funding, team expansion, marketing campaigns, or new market entry
Architects, engineers, healthcare practices, and financial advisors
We compare available lender terms and explain the costs and conditions
Rates shown are indicative and based on published lender pricing. The actual rate available to you depends on the lender's assessment of your business, the deal, and your circumstances. These figures are not quotes or offers of finance.
We do the hard work for you - analyzing your situation and finding the right lender
We understand your business, funding needs, and circumstances
We analyze your situation and identify the best lender matches
We prepare your application and negotiate the best terms
You receive the funding with the best available terms
Based in Bournemouth with local expertise across the region
Bournemouth, Poole, Dorchester, Weymouth, Christchurch
Exeter, Plymouth, Truro, Torquay, Barnstaple
Bristol, Bath, Taunton, Bridgwater, Weston-super-Mare
Refinancing means taking a new facility to repay one or more existing business loans. It may change your repayment amount, term or borrowing structure, but a lower regular repayment does not necessarily mean a lower overall cost.
Start by requesting an up-to-date settlement figure from each existing lender. Check its expiry date and whether it includes accrued interest, early repayment charges or other settlement costs. Then review the new facility's interest, arrangement fees and any other applicable charges, including fees deducted from the advance, to confirm the net funds will cover settlement.
Compare the total remaining repayments on your existing loans with the total repayments on the proposed facility, plus any settlement costs and fees not already included. Compare like-for-like borrowing amounts and identify any additional cash separately. Extending the term can reduce regular repayments while increasing the total amount repaid.
The new lender will assess affordability using your trading performance, cash flow and other commitments. Consider whether repayments remain manageable if income falls, and review any personal guarantee or security requirements. Refinancing is subject to lender assessment and is not always suitable.
Common questions about unsecured business loans
An unsecured business loan does not take security over a specific property, vehicle, piece of equipment or other asset. The lender assesses business performance, cash flow and creditworthiness, and commonly asks directors for personal guarantees.
A broker can identify lenders whose criteria fit the business and present one clear application rather than encouraging repeated applications. We disclose how we are paid before you commit.
Timing varies by lender, application quality and any additional checks. If the requirement is urgent, tell us the deadline at the outset so we can explain which routes may be realistic without promising approval or completion.
Common uses include: covering seasonal cash flow gaps (especially for accountancy practices), hiring additional staff during busy periods, investing in new technology or software, expanding to new locations, acquiring client books or practices, and funding marketing campaigns for growth.
Most business lenders will perform a personal credit check on directors/partners, but this is typically a "soft search" that doesn't affect your credit score. Only when you proceed with a formal application will a "hard search" be conducted. We'll always inform you before this happens.
Common uses include working capital, recruitment, marketing, refurbishment and expansion. Lenders usually review trading history, turnover, profitability or cash generation, existing commitments, bank conduct, purpose and director credit.
Equipment may be better suited to asset finance. A recurring gap caused by eligible B2B payment terms may be better addressed with invoice finance.
Independent broker with 17 years of financial-services experience, now focused exclusively on helping South West businesses
Our founder brings 17 years of financial-services experience to every client relationship. We understand funding from both sides - lenders and borrowers - giving you the insights you need.
LoanLogic charges no upfront fee and no direct broker fee to clients. We receive commission from lenders and disclose the relevant commission information during the customer journey. Lender interest, fees and quote-specific costs are separate.
As an independent broker, we have access to a panel of 70+ specialist lenders. We compare potentially suitable options from our panel based on your business circumstances and lender criteria. Approval, rates and terms depend on lender assessment.
Check your funding readiness first, or use the urgent enquiry route if the requirement cannot wait.
No upfront fees • Free consultation • Lender commission disclosed
LoanLogic is a business finance broker. We receive commission from lenders and disclose the relevant commission information during the customer journey.
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