Small business loans - Borrow between £5,000 - £50,000

Unsecured funding for small businesses with repayment options from 3 - 36 months.

Small Business Loans

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What is a small business loan?

A small business loan is an unsecured business loan that is used typically by small businesses. An unsecured loan does not require security, meaning that the business owner does not have to give up a personal or business asset if they default on the loan.

Unsecured loans are repaid in monthly repayments with a monthly interest rate. Repayment periods are pre-agreed with the lender.

small business loans

Who can apply for a small business loan?

Any business owner can choose to apply for a small business loan. Our eligibility criteria for JPM Capital is that the business must be registered and based in the UK and they must have no County Court Judgements. 

Small businesses from any industry are able to apply for this loan, so whether you’re a sole trader or limited company, you can choose to make an application.

Can you get a small business loan without collateral?.

Yes, we provide unsecured loans at JPM Capital. This means that a business owner does not need to provide a business asset as security when applying for an unsecured loan.

What is the difference between an unsecured loan and a secured loan?

Unsecured loan: An unsecured loan means the business owner does not need to provide security when looking to borrow money. Business owners and directors will likely have to sign a personal guarantee instead, ensuring that they are personally responsible for paying any outstanding debt should their business become insolvent. At JPM Capital we only provide unsecured loans to businesses.

Secured loan: A secured loan means that the business owner needs to provide security against the loan should they not be able to repay the loan. Typically the security is a business or personal asset, which will be forfeited to the lender if the business owner fails to pay the loan. The security is then used to repay the remaining debt.

What are the benefits and drawbacks of unsecured loans?


Less risk of losing assets: Not having to provide security as part of a loan reduces the risk of losing assets should the business fail to repay the loans. This can be 

Fewer upfront fees: Secured loans often require more upfront fees due to the assessments needed on the assets that will be used as security. As unsecured loans do not come with security there are fewer upfront fees needed. At JPM Capital, we do charge a fee (like all lenders) on an unsecured loan, which is typically 1% on drawdown.

Quicker application processing: Fewer assessments need to be made on unsecured loans as there is no security involved. This means that the application process can be faster. JPM Capital is authorised and regulated by the Financial Conduct Authority, assesses all applicants to the standards that the FCA sets.


Credit score: An unsecured loan may require that your credit score remain fairly credible when applying for an unsecured business loan. Having a poor credit score could affect your application. Although, at JPM Capital we have accepted applications from businesses that have been denied funding in the past.

Higher interest rates: As unsecured loans do not require security, it means that there is more risk from the point of the lender. As a result interest rates are usually higher, which is built into the cost of the loan. At JPM Capital, we charge a monthly rate of interest ranging between 2-2.5%, this may seem slightly higher but is still competitive in the unsecured loans market.

Loan amounts are typically smaller: Due to the inherent risk of unsecured loans for the lender, loan amounts are usually smaller. This is mainly a drawback for businesses that are looking for large amounts of money for business. At JPM Capital we provide loans from £5,000 – £50,00 which is still a reasonable amount, especially for smaller businesses.

What can a small business loan be used for?

Invest in new equipment: Many businesses will use an unsecured small business loan to purchase new equipment or update old equipment.

Expansion: Some businesses may be looking to grow, this can take the form of expansion. Expanding a small business is usually costly, so a business may look towards a small business loan to cover and manage the costs.

Marketing: A small business loan can be used to invest in marketing to help build their brand and outreach to new customers. This can allow businesses to become more recognised or to try and improve sales.

How to apply for a small business loan

Call us at 01244 207276: When you call our number you will be put through to one of our account managers who will discuss your inquiry and guide you through the application process.

Applying online: To apply online you simply have to complete and submit our online application form. This will be sent directly to our account manager, who will then aim to be in touch as soon as possible.

Am I eligible for a small business loan?

In order to meet our minimum eligibility criteria, you must meet the following requirements. They are listed below: 

  • Be an existing UK based business
  • Currently have no County Court Judgements (CCJs)

Small business loan terms

Below is a table that summarises the key elements of how our business loans work. 

Unsecured business loans for small businesses DETAILS
How much can I borrow? £5,000 – £50,000.
How long can I borrow for? 3 – 36 months.
What is the interest rate on an unsecured business loan? 2% – 2.5% per month.
Do I need to pay a fee? Typically 1% fee, on drawdown.
Do I need to sign a personal guarantee? Yes.


Why choose JPM Capital for a business loan?

JPM Capital is a direct lender that provides unsecured business loans to small businesses across the UK. In addition to small businesses, JPM Capital helps, sole traders and medium businesses secure the funding they need.

Initially starting as a brokerage in 2015, JPM Capital has since branched out and become a fully-fledged direct lender. Using its experience as a brokerage and as a member of the NACFB, JPM Capital aims to provide a service that is designed to ensure the best results with the least amount of impact on your business.

Paul is calm, thoughtful and positive during a period where so many businesses are in panic. I am thankful for his and JPM's continued support and will continue to recommend clients in need to Paul.
Accountants - Glasgow
Featured Case Study

Accountancy firm with cash-flow needs and client funding requirements

We recently dealt with an Accountancy firm who has suffered immediate cash-flow problems as a result of the recent unprecedented global contagion. Clients who paid monthly direct debit retainers have cancelled and debtors which have been due into the firm have requested payment terms. At a time when clients need Accountancy support more than ever it is important that our client was using his time to support clients and not chasing bills!

View success story

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