My name is George Dunn, and I am the Executive Director at Approved Finance Group. In this case study, an NHS dentistry practice reached out to me seeking a £50,000 business loan due to two late payments from the NHS. The business required a short-term working capital solution until the payments from the NHS were received.
Leveraging our extensive network of over 125 lenders, I connected them with the ideal lender, securing a £50,000 hassle-free business loan.
Are you a business or franchise looking for a business loan?
Unsecured business loans offer a streamlined application and approval process, providing a valuable opportunity for businesses, especially those without substantial collateral. These loans allow businesses to allocate funds flexibly and realise their growth aspirations.
What is an Unsecured Business Loan?
An unsecured business loan from Approved Finance Group involves lending money without requiring collateral against a specific asset. However, it may involve a personal guarantee for added assurance. The lender disburses funds to the borrower, who subsequently makes periodic payments to fully repay the loan.
Borrowers also have the flexibility to terminate the agreement at any point by providing notice to the finance company and settling the outstanding amount. At the term's conclusion, ownership of purchased goods remains with the borrower, or if the funds were utilised for cash flow purposes, no additional payments are necessary.
Unsecured business loans are ideal for businesses that need quick access to funds without the need to pledge assets. They are particularly beneficial for covering unexpected expenses, managing cash flow gaps, or investing in growth opportunities. With a swift application process and fast approval, these loans provide businesses with the financial support they need to thrive.
Want to learn more about business loans and how they can benefit you and your business? Click the Business Loans link below, or contact our credit team at 01908 429888 or email Credit@approved-finance.co.uk.
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