A Business Loan gives UK limited companies access to straightforward, unsecured or secured funding for a wide range of operational needs. Whether you're planning to expand, invest in new projects, or stabilise cash flow, business loans offer fast, flexible capital that aligns with your growth strategy and repayment capacity.
Most lenders require your company to be UK-registered, actively trading for at least 6 to 12 months, and generating sufficient turnover. Creditworthiness is assessed through company financials, bank statements, and director profiles. Startups may be considered with a strong business plan and backing.
Loan values typically range from £10,000 to £2 million, depending on your turnover, profitability, and whether the loan is secured or unsecured. Larger facilities may be offered to companies with assets or those seeking long-term growth funding.
Decisions on unsecured loans can be made in as little as 24–72 hours. Secured loans or more complex cases may take up to two weeks. Upon approval, funds are usually disbursed within 1–3 working days.
Business loans can be used for working capital, hiring, marketing, stock purchase, office relocation, equipment upgrades, or even refinancing existing debt. They're designed for general business use and adaptable to your growth plans.
Interest rates vary from 5% to 15% annually based on your risk profile, loan term, and whether the facility is secured. Terms range from 6 months to 6 years. Some products come with early repayment benefits or repayment holidays.
Whether you're growing, bridging a cash gap, or just getting started, we offer flexible unsecured funding options tailored to your business.
Complete our quick online form with a few details about your business and what you need funding for. No commitment, no jargon.
A dedicated finance expert will get in touch to understand your needs and tailor options that work for your business.
We’ll match you with trusted lenders from our panel, offering competitive rates and flexible terms suited to your sector.
Review your finance offers with full transparency. We’ll guide you through the details so you can make a confident decision.
Once approved, your funds are released quickly — often within 24–48 hours — so you can get back to growing your business.
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Yes, many lenders provide unsecured business loans, especially for companies with strong cash flow, positive trading history, and good credit records.
While no physical assets are required as collateral, most lenders will still request directors’ personal guarantees to provide additional reassurance.
Unsecured loans are ideal for businesses that want to access working capital, fund expansion, or cover operational costs without tying up property or equipment.
Absolutely. Refinancing a business loan can help consolidate multiple debts into a single monthly repayment, reduce interest rates, and lower overall borrowing costs.
It’s important to compare offers from different lenders and check for any early repayment fees on your existing loan.
Refinancing is a common strategy for businesses looking to improve cash flow and simplify debt management.
Lenders typically review your:
This assessment helps lenders determine your repayment capacity and risk profile, ensuring the loan is suitable for your business needs.
Businesses with strong financials and stable revenue streams are more likely to secure favourable loan terms.
Yes. Although terms may be less favourable, some lenders specialise in sub-prime business lending or may request security to offset the risk.
At Spark Finance, we consider multiple factors beyond credit score, including turnover, trading history, and cash flow, which allows us to support businesses often declined by traditional banks.
Most business loans allow early repayment. Some lenders also offer interest savings or flexible overpayment options, allowing businesses to reduce debt faster.
It’s important to check your loan agreement for early exit charges to ensure that early repayment does not incur additional costs.
Early repayment flexibility is especially valuable for businesses with fluctuating cash flow or seasonal revenues.
Many clients receive loan approval within 24 hours, with funding available shortly afterwards.
The speed of access depends on the completeness of your application, documentation, and lender verification process.
Fast business loans are ideal for urgent working capital needs, operational expenses, or unexpected opportunities, helping businesses maintain smooth operations without delay.
No, most loans arranged through Spark Finance are unsecured. Approval is based on business health, turnover, and repayment ability, rather than physical assets.
This makes our loans suitable for businesses that want flexible funding without risking property or equipment, while still accessing competitive finance options.
Yes. Spark Finance considers a wide range of financial indicators beyond just credit score, including turnover, trading history, and business performance.
This allows us to support businesses declined by traditional lenders, providing access to fast, flexible, and affordable finance even for companies with past credit challenges.
No. Our terms are fully transparent, with no setup or early repayment charges.
We aim to provide businesses with a clear understanding of costs, ensuring you can make informed funding decisions.
Yes. Spark Finance Ltd is authorised and regulated by the Financial Conduct Authority (FRN 958123) and works exclusively with authorised lenders in the UK.
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"A business loan offers straightforward funding to support growth, manage cash flow, or cover one-off expenses. With flexible terms and fixed repayments, business loans give companies the confidence to plan ahead and invest in opportunities without diluting ownership."
