Manchester · North West
Unsecured Business Loans in Manchester
Fixed-term borrowing to be repaid in equal instalments over one to six years. No security in form of business assets needed. For limited companies, LLPs and 4+ partner partnerships in Manchester and across the North West.
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At a glance
Unsecured Business Loans in Manchester: at a glance
Typical terms: 1–6 years
around 3 working days
- Limited companies, LLPs and 4+ partner partnerships
- Often 6+ months trading
- Unsecured
- 1
Tell us what you need
3 taps: purpose, amount, business type. Takes 60 seconds, won’t affect your credit score.
- 2
We match you to lenders
Apply just once. We check your profile against lender criteria and approach only those likely to consider it.
- 3
Compare any offers
Compare the rate, fees, security and any personal guarantee side by side before final decision.
Lenders we work with
Local insight
How Manchester companies use unsecured business loans
Greater Manchester has produced a steady stream of fast-growing digital businesses, from software developers in Ancoats to e-commerce brands in Salford and agencies clustered around the Northern Quarter. These firms tend to scale quickly on the back of people and marketing rather than physical kit, which leaves little to secure a loan against. Unsecured business loans fill that gap. An established company can typically apply for five-figure or six-figure sums, up to about £500,000, over terms of up to six years, with the decision driven by revenue, bank statements, profitability and the credit history of the business and its directors, who will usually be asked for a personal guarantee. The city's law and accountancy firms around Spinningfields use the same product to hire and invest. Welcome Finance works with Manchester companies by phone and video.
Typical examples
Where it helps in Manchester
- 01
Scaling a SaaS team
An Ancoats software company with a year of recurring revenue borrows to hire sales staff ahead of a product launch.
- 02
Marketing spend for an online brand
A Salford-based e-commerce company funds a paid-media campaign for peak season without offering stock or equipment as security.
- 03
Practice investment in Spinningfields
A law firm run as an LLP invests in case-management software and recruits two solicitors.
The process
How it works
- 01
Tell us what you need
Check your eligibility in about 60 seconds, will not affect your credit score.
- 02
We compare lenders
We match your company with lenders' criteria.
- 03
Apply and get an offer
The lender reviews your documents, runs its checks and, if approved, issues a formal offer with detail of loan and the repayable amount.
- 04
Receive funds and repay
Once you sign, funds are usually paid to your business account. You repay in fixed monthly instalments over the agreed term.
Calculator
Run the numbers
Estimated monthly repayment
£3,222.03
- Total interest
- £15,993
- Total repayable
- £115,993
Illustrative only. Actual rates, fees and terms depend on your circumstances and the lender. This is not an offer of finance.
Local insight
Unsecured loans for Manchester's professional and digital firms
Financial, professional and business services make up about 20% of the Greater Manchester economy. The city region has around 400 legal services firms employing 20,000 professionals, and more than 21,000 people working in consultancy, advisory, accountancy and pensions. Many of these firms trade as LLPs or limited companies whose main asset is their people, so they have little machinery or property to offer as security. The same is true of software developers in Ancoats and agencies in the Northern Quarter.
Source: Invest Manchester
An unsecured business loan is assessed mainly on turnover, profitability, bank statements and credit history rather than on assets. Lenders usually ask directors or LLP members for personal guarantees, and decisions are subject to status. Demand for this kind of funding is common: around half of smaller businesses seek external finance, and use of flexible finance increased in 2025.
Source: British Business Bank
If you want help preparing a business plan or cash flow forecast before applying, the GM Business Growth Hub offers support to Greater Manchester companies, and most of it is fully funded at no direct cost to the business. That preparation can make a lender's assessment more straightforward.
Source: Stockport Council
Unsecured Business Loans in Manchester: questions
Can a Manchester tech company with modest profits get an unsecured loan?
Some lenders will consider software and digital companies with strong revenue growth even when profits are low, while others focus mainly on profitability. Recurring revenue, a realistic cash flow forecast and a clear plan for the money usually help. The lender decides, and a credit check is made when a full application goes in.
Can a Spinningfields accountancy practice borrow unsecured to buy another firm's client book?
It is often possible. Lenders will want to see the purchase terms, how much fee income the client book brings in and how the repayments fit your combined cash flow. Practice acquisitions are sometimes funded partly by the seller over time, so a loan may only need to cover part of the price.
Do all members of a Manchester LLP have to sign a personal guarantee?
Not always. Lenders usually ask for guarantees from the members who own or control most of the business, and the exact requirement varies by lender and loan size. Anyone signing should understand that they could be personally liable if the LLP cannot repay, and may want to take their own legal advice first.
Can we use an unsecured loan to fit out a rented office in the Northern Quarter?
Yes, fit-outs are a common use, because partitions, wiring and decoration have little resale value and are hard to finance any other way. Furniture and IT equipment can sometimes go on asset finance instead, which may keep the unsecured loan smaller. Lenders will want to see how the move supports the company's income.
Will an unsecured loan affect a future investment round for our Ancoats software company?
Borrowing does not dilute shareholders, but investors will see the loan and the repayments in your accounts. Some loan agreements include clauses on early repayment or changes of ownership, so check these before signing if you expect to raise equity. Discuss the timing with your accountant or advisers.
More finance in Manchester
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For UK limited companies, LLPs and partnerships of 4+ partners
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