What Is an Unsecured Business Loan?
An unsecured business loan is a method of injecting cash into your business to support its growth. It can be used for pretty much anything to support your limited company including tax bills, recruitment, marketing, equipment and stock. Basically, anything you need to keep earning revenue. They differ from secured loans as they don’t require assets as security, but instead use a personal guarantee to ensure the lender will be paid back. The last thing we want is your precious items at risk.
The Benefits
What Is a Personal Guarantee?
To make matters simpler for business owners and speed up our process, our unsecured loans require a personal guarantee. This means that if your business goes under, the director(s) will be responsible for paying off the rest of the loan. That way, neither of us need to get into the nitty gritty of your personal assets (like a secured business loan), and you can get financed within 4 hours. Everyone’s a winner!
Our Process
Why Crispcap?
Unsecured business loans are the bread and butter of our business. We’ve spent 10 years arranging thousands of loans for company directors who want to be smarter with their money. We’ve seen equipment bought, buildings refurbished, and staff hired, all because our loans have helped businesses go further. Our funding process is short but the companies we support continue to thrive.