Call Now 0203-633-1278

Business Loans Despite Bad Credit History

  • Regulated Loan Processing
  • Access to Funds

How much do you want to borrow?

Representative Example

We compare loans that can be paid back between 1 to 25 years. The APR interest rate you'll be charged depends on your personal circumstances, and will be between 3.2% and 99.9%. This is a representative example of what it may cost: a Loan of £7,500 over 60 months at 3.3% APR would equate to monthly repayments of £135.60, and the total cost of the loan that you pay back would be £8,136.22

Warning: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK
Credit subject to status & affordability assessment by Lenders.
Best Unsecured Loans (www.bestunsecuredloans.uk) is a credit broker and not a lender

Best Unsecured Loans: Broker for Bad Credit Business Loans

Positive cash flow is a lifeline of any business. Whether you need additional funds to expand your current operations or intend to fund a start-up, we at Best Unsecured Loans, understand that each business is unique. We are committed to extend tailored loan products for each of our client.

Being a responsible loan broker in the UK, we abide by all FCA guidelines and search for safe unsecured business loans. For every business, irrespective of its scale, positive cash flow is a key to sustain growth. At BU Loans, we help businesses to avail funding to add wings to their ideas and get rid of unwanted credit crisis situation.

Unsecured Business Loans for Bad Credit- What to Expect?

Whether you need start-up business loans or bad credit loans for existing business; or online funding for self-employed, we can help you locate unsecured short-term loans available with our panel of regulated lenders in the UK. We at Best Unsecured Loans, understand the limitations of small businesses and self-employed people.
To contact us you simply need to fill a form on this page and submit the loan queryAs we receive your request, we will assess your profile thoroughly and we will conduct a soft credit check on your credit report before providing an in principle “yes” or “no”. A soft credit check doesn’t leave any footprint on your credit report and hence, it doesn’t impact your credit score. After an evaluation of your loan repayment capacity, we will share deals according to your credit appetite. We help you avail affordable loans so that you could repay successfully and improve your credit health. 
We help you avail:

  • Choice for required funds
  • Affordable instalments
  • Hassle-free processing

How much I can borrow for my business with poor credit?

At Best Unsecured Loans, we help you avail tailored unsecured loans worth £2000 to £35000 for business purpose. You can borrow for 6 months to 5 years. If you are a homeowner looking for home equity loan, we can also help you avail the same. While searching for business loans for bad credit in the UK we run a comprehensive loan search among the panel of experienced lenders. We try to ensure that you avail loans according to your credit repayment capacity. For those struggling with very poor credit history can also improve their credit health.

Is there any restriction on the usage of funds for business loan?

As you get flexibility to use your business loans with high street lenders, you get the freedom to use funds according to your future business plans. You can use business loan for a variety of business related purposes such as to buy or refurbish premise, machinery or equipment; to expand operations; for working capital; to hire new staff and many more. At Best Unsecured Loans, we believe in helping out businesses achieve their unfulfilled ambitions.

How do business loans work for bad credit?

With a poor credit rating, high street lenders may reject your loan applications. Many private financial companies in the emergent FinTech Sector would consider your application but would quote a very high interest rate and processing charges. At Best Unsecured Loans, we extend brokering service to bridge borrowing difficulties. We work with a pool of lenders, out of them, a few may be willing to offer bad credit business loans at low interest rate. We search for experienced lenders and protect you against the loan sharks and pawnshops. We hunt for best rates without loan guarantor and collateral. You get complete choice and flexibility to set the loan instalments.

Is there a checklist prior availing business loans in the UK?

Prior availing business loans in the UK, you must evaluate a deal on the following points:

  1. Loan Amount It is important to borrow strictly in lieu of your requirement. However, you need to be tad careful about absorbing the funds. You should never borrow more than what you need. Also, it is important to borrow small amount with poor credit health. If you need larger loan for your business plans, you must use loan counselling such as Money Advice Service before availing the funds. At Best Unsecured Loans, we believe in sharing all the pros and cons of bad credit loans with our clients. 
  2. Ease of Repayment 
    After settling on the amount of loan, the next important consideration is the repayment. You must buy ease of repayment.. This helps you to stay afloat with unplanned emergencies. With poor credit past, it is important to be in charge of your financial moves. You just do not have any U-turn with bad credit loans.
  3. Impact on Credit Health
    While you apply for business loan with less than perfect credit score it is important to have a foolproof plan to have a positive impact on your credit report. You must develop a credit repayment plan with professional help. If required, you must have a strict budget and adopt frugal living. ‘Save and save more’ should be the mantra till you begin to mend your credit report with positive loan history.
Apply Now
photo of Best Unsecured Loans Best Unsecured Loans
Best Unsecured Loans
United Kingdom
0203-633-1278