Business Finance Solutions

This is a broad question, but a great place to start. The key is to understand why you need the business loan, how much you’re looking to borrow, and whether your business can comfortably manage the repayments. The first questions we always ask are: What do you need the funds for? and How much do you need? Once we have those answers, we can guide you with the right strategy.

There are many types of business loans available, and the best option depends on your specific circumstances. For instance, if you don’t have assets to offer as security, you’ll need an unsecured business loan. If you do have collateral—such as residential or commercial property, or business assets—you may qualify for a secured loan. The key difference? Secured loans typically offer higher borrowing limits and lower interest rates, as there’s less risk involved for the lender.

The right loan will also depend on how you intend to use the funds and the size of the loan. If you're after short-term funding to help with cash flow, an unsecured business loan or a line of credit could be the ideal fit.

Approval depends on your financial position, how long you’ve been in business, whether you have collateral, and the type of finance you’re after. If you're seeking a loan to grow your business, and the numbers stack up, getting approved through fundr is usually straightforward.

The main challenge arises when a business is struggling and not generating profit.

Non-bank lenders (including fintechs) aren’t bound by the same rules as banks, so they can offer more flexible approvals—often without requiring security. While interest rates may be higher, the process is faster, more streamlined, and based on your ability to repay. If you meet their criteria, securing business finance can be quick and simple.

Yes, you can get a business loan without collateral—this is known as an unsecured loan. While you’ll still have plenty of options, unsecured loans typically come with higher interest rates and lower borrowing limits due to the added risk.

Some loans, like equipment finance, use the asset you're buying as security—keeping interest rates low without needing additional collateral.

A secured loan involves using an existing asset—such as your home, a truck, or business equipment—as collateral for the loan. This could be a personal or business asset.

Most traditional lenders, including major banks, prefer secured loans as they carry less risk. If the loan isn’t repaid, the lender has the right to sell the asset to recover the funds. In short, it’s a way to unlock financing by leveraging what you already own.

Some business loans require collateral, such as property or other assets owned by the business or its owner. A common example is using residential property to secure a loan. Unsecured business loans don’t require collateral, but most lenders will still ask for a personal guarantee from the borrower.