Unsecured business loans

Get the funding you need, without risking your assets, with a quick and flexible unsecured business loan. We're on your side here at mcl finance. Our dynamic approach is designed to help your small business get to where it's going. Apply today!

  • Unsecured loans from £5,000 to £100,000
  • No early repayment fees or charges
  • Borrow over 1 to 24 months


Apply for an unsecured business loan

Unsecured loans tailored for your business

Many banks only focus on what's right for them. Whether it's long and complicated application processes or rigid loan agreements, it can be tricky to find funding that works for you. But we do things differently. Access to unsecured business loans that is quick, simple and flexible – that's the mcl finance way.

You've already got enough on your plate running a business. And you certainly don't need the added pressure of secured assets. That's why we help businesses access small business loans that are unsecured, meaning you can access funding with a personal guarantee instead.

Cash in your pocket. No collateral strings attached.

Apply for an unsecured business loan

How an unsecured business loan via mcl finance works

There's no risk in applying. We'll always get back to you with an initial decision ASAP before any further checks, so you can be sure there's no impact on your credit score.

1. Apply for an unsecured business loan

The first step is checking your eligibility. We'll ask you to submit some basic information and get back to you right away. If you're eligible, you'll need to send us a few documents such as your photo ID and last three months of business accounts.

2. Get approval

With a dedicated account manager with you every step of the way, we'll guide you through the full approval process. We make decisions based on key metrics such as disposable income, payment history and expected cash flow.

3. Receive your funds

If your application is approved, you'll usually receive the business loan in your bank within 4 hours of being approved. From there, you're in control.

Apply for an unsecured business loan

What can you use an unsecured business loan for?

Your business, your decision. We won't dictate how to invest your unsecured business loan – that's up to you. We can recommend some good options, though. You might want to use it to:

  • Turn expansion plans into reality
  • Support growth
  • Take care of cash flow
  • Make the most of a great opportunity
  • Upgrade your equipment
  • Reach out to new customers

We've already helped small business owners like you

It's our mission to help you and your small business do great things. We've already helped many entrepreneurs access unsecured business loans, as you can see below:

"When Covid-19 kicked-in and the UK went into lockdown, so did access to loans. A broker referred me to mcl finance who were happy to offer financial assistance. mcl finance is superb and quick! A few clicks on your phone, signing e-docs, direct debit completion and the money is in your account the next day. I will definitely use this company again."


Lilly Jones, Director, Jones Real Estate Limited


"mcl finance was actually recommended to me by my bank manager. Obviously my bank had always backed me, but they just took so long to do it. Literally 24 hours after my application, I had the finance I needed. It was so fast, I’ve never known anything like it."


Charlotte Richards, Founder & Managing Director, Talismanico Ltd

Read more business stories

Apply for an unsecured small business loan today

A new chapter awaits. Take your business to the next level without putting your assets at risk with a fast and flexible unsecured loan from mcl finance.

Apply today and you could be making big moves within a few hours. Don't hesitate to contact us with any questions or feel free to make a start on your application right away.

Apply for an unsecured business loan

Unsecured business loans FAQs

Is an unsecured business loan better than a secured business loan?

Neither type of loan is fundamentally better than the other, but in certain circumstances, an unsecured business loan might be more appropriate.

If you are looking to take out a relatively small loan over a limited period of time, say six months or a year, then an unsecured loan will usually be the right choice for your business. Secured loans involve offering up assets as security, which allows you to borrow larger amounts and repay over a number of years, a bit like a residential mortgage.

Secured borrowing gives you access to larger loans, but they also involve more risk, as a borrower. If you find yourself in a position where you are struggling to meet the repayments for your secured loan, your lender could force the sale of your assets to cover the repayments.

Unsecured business loans don’t carry this level of risk. But this doesn’t mean you can miss repayments. If you default on your unsecured loan, you can face charges and penalties, higher interest payments and a negative impact on your personal and business credit file, which can make it difficult to secure business finance in the future.

Which industries do you provide unsecured small business loans to?

We work with businesses from a diverse range of industries. Here are some of the more common sectors we lend to:

  • Retail

  • Ecommerce

  • Consultancy

  • Accountancy

  • Education

  • Childcare

  • Legal

  • Hospitality

I’ve not received any help through the government’s Coronavirus Business Interruption Loan Scheme (CBILS), can I get an unsecured small business loan?

Yes, providing you meet our lending requirements. We’ve worked with a lot of businesses that have not received the support needed to survive and recover from the pandemic. We’d be very happy to talk to you about how a fast unsecured business loan can help you.

Do I need assets to take out an unsecured business loan?

When we make lending decisions, they are based on your business’s current financial situation. We look at your trading history and your accounts, along with some credit referencing, to help understand your needs and what you can afford to repay.

What’s the difference between a bank loan and an online unsecured business loan?

Obtaining an unsecured business loan from a bank can be an arduous and disheartening process. They have become notorious for treating small businesses unfairly and have extremely strict lending practices.

We treat all our customers with respect and understanding. Every business has different needs and we will discuss our unsecured business loans honestly and openly with you. We don’t pretend we are doing you a favour by providing you with a business loan. It’s a two-way street and a partnership so you can trust us to make responsible decisions based on our expert appraisal of your business.