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Quick Business Loans for UK Companies

Finding the right loan for your situation has never been easier, our quick business loans can be used for any purpose including cash flow, to purchase equipment, VAT or tax bills, stock and even marketing. Unsecured & secured business loans for any type of business. Receive the funds directly into your business bank account within as little as 8 hours. For access to the Recovery Loan Scheme, visit our dedicated Recovery Loan Scheme page.

Millbrook Business Finance

  • Repayment terms from 3 months to 10 years

  • 8-hour Funding Available

  • UK’s Lowest Rates

  • No Arrangement Fees

  • Quick and Simple Application Process

  • No Early Settlement Penalties

What Is A Business Loan?

A business loan is exactly that – a loan to a business. Funds are paid directly to the borrower and can be used for any purpose. Generally, it is considered that there are 2 main types of business loans – unsecured and secured.

How Do Unsecured and Secured Business Loans Work

An unsecured business loan does not require security over assets or property. These types of loans are great for businesses that do not own many assets and would prefer not to offer security or for a business that needs funding quickly. An unsecured loan can be arranged within as little as 8 hours and facilities range from £10,000 up to £500,000.

A secured business loan is backed up by security. Security is usually a valuable asset that is either owned by the business or its directors/shareholders. Typically, assets refer to tangible items such as vehicles, machinery and commercial or residential property. These types of loans are suited to businesses who need to borrow in excess of £500,000 or would like to repay over a longer period of time such as 10 years.

successful deal after great meeting

Why Would You Want an Unsecured Business Loan?

You may want an unsecured business loan if you want to borrow more than your assets are worth, or if you want to avoid offering particular assets as security.

How Are Unsecured Business Loans Paid Back?

Paying back an unsecured business loan is very simple and straightforward. All you have to do is agree to make a fixed monthly payment at a pre-agreed interest rate. The payments are made over the loan term until the amount you have borrowed has been fully paid back.

Can I Get an Unsecured Business Loan With Bad or Poor Credit?

At Millbrook Business Finance, we try our best to ensure we can provide unsecured business loans to businesses with poor credit ratings. As there is an increased risk for us, the lender, businesses with a poor credit score often receive a lower loan amount, have a shorter repayment period and have higher interest rates. If you have a poor credit score and want to find out how much you can borrow, give us a call on 0333 015 3301 or fill in this contact form.

 

Which Type of Lending Is Right for My Business?

As we offer a wide range of alternative financing solutions like asset finance, invoice finance, commercial property finance, it’s hard to determine if using security or unsecured business loans is ‘better’ for your business.

Determining the type of business loan which is most suited to your business is likely to be decided by the amount you wish to borrow, the repayment term you require and the timeframe in which you need the funding. To help you decide, we have put together a comparison table below.

Prefer to speak to one of our business loan specialists? Simply call us on 0333 015 3301 or request a call back at a time which suits you.

Business meeting

How To Apply For A Business Loan?

We don’t require business plans or complicated forecasts, so applying is simple and takes a matter of minutes.

Step 1
Enquiry – Submit an enquiry via our online form or speak with an account manager by calling 0333 015 3301.

Step 2
Application – A finance application will be submitted to an underwriter with a decision granted typically within 48 hours.

Step 3
Approval – Finance Approved. A copy of your finance agreement is sent to you for completion.

Step 4
Payout – Upon receipt of your signed agreement, we process, activate and release funds.

Why Millbrook Business Loans?

Simplicity

Our application process is simple and straightforward.

Fast Turnaround

Receive your business loans funds within as little as 8 hours.

No arrangement fees

We DO NOT under any circumstances charge arrangement fees.

Industry Leading Rates

Our Business Loan rates are some of the lowest in the UK, starting at 3.9%.