Unsecured Funding
For businesses looking for an unsecured loan that is independent of their bank with a quick turnaround. Book a consultation with our award-winning brokerage service today.
Unsecured Funding Advice From Pomegranate Financial Services
Unsecured business loans are available in terms of up to 5 years. They are often independent of your bank and have a quick turnaround. Unsecured funding provides a more flexible approach to traditional business loans and allows you to have cash available for a variety of financial hurdles.
Lending Requirements
Lenders will take several factors into account when considering your application. Typically, they will need to know:
- The company’s business rating
- Personal credit rating
- Trading history
- The level of risk involved in lending this money*
*Normally reflected in the terms and conditions of the loan
Considerations
There are several other factors to keep in mind when looking at unsecured business loans. You can borrow for all sorts of requirements such as working capital, expansion capital, asset finance or a one-off business expense.
Additionally, there can be higher costs associated with this kind of borrowing as it is unsecured.
Why Choose Pomegranate Financial Services?
At Pomegranate Financial Services, we offer expert advice for all your unsecured funding needs. We are FCA regulated and we build relationships based on trust. We offer:
Less Risk To Your Assets
There’s no risk to your assets with unsecured funding. We can give peace of mind and greater control of your collateral when you choose us as your partner.
No Collateral Needed
This method of funding means you won’t need to put up any collateral. If you are a small business owner, unsecured funding can be a great means to get started without having to pledge assets.
Business On Your Terms
Unsecured funding can give you the flexibility and cash flow to achieve your business goals. We can help you expand your business, cover expenses and pay off any debts in an often challenging market.
Invest In New Staff
Unsecured funding can enable you to invest in taking on new staff whilst they get up to speed with your business. Book a consultation with us for unsecured funding today to get started.
Refurbish Your Commercial Building
Use this method of funding to give your commercial property a fresh face. You’ll also have the funding to buy new equipment and assets.
Frequently Asked Questions
View some of our most frequently asked questions here. If there is anything you’d like to know about unsecured funding that is not listed below, please contact our expert team directly.
What is the difference between secured and unsecured funding?
With secured funding or loans, a borrower will require upfront collateral such as your business assets. The lender will put a lien on this until the loan has been paid off.
Unsecured funding does not require this. The lender will consider your financials and allow you access to money outright, with repayment made over a regular schedule.
Do I need to have a high credit score to be eligible?
We’d suggest that a high credit score is generally required for unsecured funding, although there are other factors that are taken into account such as your business income and debt to income ratio.
If you have a history as a responsible credit user, this will be viewed favourably with any unsecured funding application. Get in touch with our team today to discuss your eligibility for this method of finance.
Is it better to get secured or unsecured funding?
To get access to funds quickly, particularly if you are a small business, it can be beneficial to apply for an unsecured loan. You won’t have to leverage any of your assets, which can be troublesome in the early stages of setting up your enterprise.
Is it difficult to get an unsecured loan?
Although unsecured funding has a reputation for being riskier for lenders, we have the experience to get you what you need. We are FCA regulated and a reputed name you can trust. Contact our award-winning teams today for a consultation.
What other services do you provide?
In addition to unsecured funding, we can assist your business with SME funding, debt refinancing, debt consolidation, revolving cashflow facilities, invoice finance, asset finance, healthcare finance, trade and stock finance, foreign exchange, equity funding and government grants.
Discuss your unsecured funding needs with our team of experts
If you want to discuss the options available to you give us a call, send us an email or use our contact form and one of our team will get back to you.