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Small Business Loans

A small business loan is a type of finance that can help small businesses to growth, increase cash flow and boost working capital.

Last Updated: 08/05/25

Small Business Loans for UK Businesses

A small business loan is a solution for UK-based businesses in need of funding to support their growth and operations. These loans are designed to help small businesses access the capital they need. Small business loans are ideal for businesses that may not have significant assets to use or prefer to maintain flexibility in their financial commitments.

With a small business loan, businesses can access funding quickly and manage repayments over a set period, without the added stress of offering security.

What is a Small Business Loan?

A small business loan is a type of loan specifically tailored to help small businesses with funding for growth, operations, or specific needs. Unlike a secured loan, small business loans do not require the business to put down assets such as property or equipment as collateral. Instead, these loans are typically unsecured, meaning they are based on the creditworthiness of the business and its directors.

The application process for a small business loan is often more straightforward compared to secured loans, with a faster approval timeline. However, since the loan is unsecured, lenders may offer smaller loan amounts or higher interest rates than those found with secured loans, reflecting the increased risk.

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Benefits of Small Business Loans

Some of the key benefits of opting for a small business loan include:

  • Quick approval process
  • No collateral required
  • Flexible loan amounts
  • Competitive interest rates
  • Support for a wide range of business needs

How Does a Small Business Loan Work?

Once you contact us, we will ask you for some details about your business and its financial situation. The information required may include your latest financial statements, bank statements from the past 6 months, and personal details of any business directors.

Once we have your information, we will submit your application to a range of lenders. Typically, you’ll receive an answer within 48 hours. Once you’ve reviewed and agreed to the loan terms and conditions, the necessary documentation will be sent to you for signing. After the final checks have been completed, the funds will be transferred directly to your business.

Things to Consider for a Small Business Loan

Loan Amount: Small businesses can borrow a variety of amounts depending on their needs and financial standing.

Purpose: A small business loan can be used for any legitimate business purpose.

Repayment Terms: Repayment terms for small business loans vary, but we aim to offer flexible options to suit your business’s cash flow.

Interest Rates: Rates depend on factors such as your business's credit history, the amount borrowed, and the repayment term.

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What Can I Use a Small Business Loan For?

A small business loan can be used for a wide variety of purposes to support the growth and day-to-day operations of your business, including:

  • Business expansion
  • Working capital
  • Hiring new staff
  • Purchasing inventory
  • Marketing and advertising
  • Research and development
  • Debt consolidation
  • Upgrading equipment or facilities

Applying for a small business loan

MAF Finance Group works with a wide range of financial institutions and funders to provide tailored financial solutions for your business.

If you would like to get a quote or need further information, simply fill out the form and a member of our team will contact you. If you would like to speak to some directly, call on 0115 958 6872. Alternatively, email us at [email protected].

Other Products We Offer

Business Loans

A business loan is a quick financing method that can help your company growth, boost cash flow and expand working capital.

Secured Business Loans

A Secured loan is a way of injecting cash into your business if you need help with working capital or general expenses.

Unsecured Business Loans

An unsecured loan is a way of injecting cash into your business if you need help with working capital or general expenses.

Tax Loans

A tax loan allows you to take control of your cashflow and spread the cost of your tax bill into more manageable monthly payments.

Growth Guarantee Scheme

The Growth Guarantee Scheme (GGS) helps UK businesses of all sizes access business loans from £10K up to £2 million.

Working Capital Loans

A working capital loan is ideal for businesses needing a short-term finance solution, providing sufficient cash flow and enabling a business to carry out day-to-day operations. 

Small Business Loan FAQS

Can I get an unsecured business loan even if I have existing debt?

It is possible to get an unsecured business loan even if you have existing debt. However, having outstanding debt may affect your eligibility, as lenders will assess your ability to manage additional financial obligations. Lenders may also consider factors such as your credit score, cash flow, and your business’ overall financial health when deciding.

Can I refinance my bus loan?

Yes, through MAF Finance Group, you can refinance your current bus loan, allowing you to restructure your current agreement and unlock cash for your business.

How does invoice finance differ from a normal business loan?

Invoice finance allows businesses to borrow against the value of their outstanding invoices instead of taking out a lump sum loan. With invoice finance, the business receives immediate cash flow based on unpaid invoices, while the lender collects payments from customers. Whereas a business loan provides a fixed amount of capital that is repaid over time.

How much can you borrow with an unsecured business loan?

The amount you can borrow with an unsecured business loan depends on your business’s financial profile. Typically, businesses can borrow £10K up to £2M depending on the companies credit score and trading history.

What can I do to improve my chances of qualifying for an unsecured business loan?

To improve your chances, focus on strengthening your business's financial profile. This includes maintaining a strong credit score, demonstrating consistent revenue growth, and providing a solid business plan that outlines how the loan will be used. Lenders may also look for a good track record of managing debt and cash flow.

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