Independent ranking
Best UK business loans with no personal guarantee
Independent UK lender rankings from desk research, post-decline options included. FundBiz does not run a credit check. Typical decision times vary by product and lender and are stated in the ranking below.
Start here · What do you need?
Most UK SMB lenders require a personal guarantee from at least one director. These are the few that lend without one, and the trade-offs you accept (smaller tickets, more security, higher rates). This FundBiz ranking assesses 3 UK lenders for "best uk business loans with no personal guarantee", weighting primarily on genuine no-pg availability (50%), transparency (20%), eligibility breadth (15%) (see the full weighted criteria below). Scores are our own desk-research assessment built from the FCA Register, Companies House filings and each lender's published product criteria, not customer reviews and not paid placement. Lenders don't pay for inclusion or rankings. If you send an enquiry, we pass it to a business finance broker, who pays us a fixed fee; you pay nothing.
Source: FundBiz methodology. Editorial by Best Business Loans Ltd (16833937).
Founder & Managing Director, Muswell Rose, FundBiz
Adam is the founder and managing director of Muswell Rose and a founder of Best Business Loans Ltd, the company behind FundBiz. His background runs through commercial finance, mortgages and fintech, including as managing director of an invoice finance business. He oversees FundBiz's guides and lender reviews.
Last updated:
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Merchant cash advance (revenue-based finance) · £10k to £500k · Funding in as little as 24 hours
MCA repaid from card sales; 365 says no security is required, so ask whether a personal guarantee applies to your case.
Our assessment: Transparency: average · Decision speed: strong (funding in as little as 24 hours).
Read full 365 Business Finance review → -
SME term loan, asset finance + commercial mortgage · £25k to £150k (business loans); up to £15m (commercial mortgages) · Money in days on business loans; longer for larger facilities
No PG required for asset-backed lending against commercial real estate.
Our assessment: Transparency: top tier · Decision speed: average (money in days on business loans; longer for larger facilities).
Read full Allica Bank review → -
SME term loan + bridging · £1m to tens of millions · Typically funds within weeks (OakNorth's own wording)
Bespoke deals can structure without PG against strong asset security.
Our assessment: Transparency: average · Decision speed: average (typically funds within weeks (OakNorth's own wording)).
Read full OakNorth review →
Side-by-side comparison
| Lender | Typical rate | Ticket | Decision | Best for |
|---|---|---|---|---|
| 365 Business Finance | One fixed cost, repaid as a percentage of card sales (quoted per offer) | £10k to £500k | Funding in as little as 24 hours | Hospitality, retail and ecommerce Ltds trading 6+ months with £10k+ monthly card sales (365's published minimum) |
| Allica Bank | Business loans 9.90% to 13.75% interest; other products quoted per deal | £25k to £150k (business loans); up to £15m (commercial mortgages) | Money in days on business loans; longer for larger facilities | Established Ltd companies with three or more years of filed accounts |
| OakNorth | Bespoke | £1m to tens of millions | Typically funds within weeks (OakNorth's own wording) | £1m+ tickets backed by clear acquisition, growth or property story |
Sources: each lender's own published product pages: 365 Business Finance · Allica Bank · OakNorth. Figures change; confirm with the lender before you rely on one.
Can a UK Ltd company get a business loan without a personal guarantee?
Rarely without conditions. Most UK SMB lenders require a director PG. The few exceptions: asset-backed lending (asset is the security), some MCA structures (card flow is the security), commercial mortgages above 60% LTV, and government-backed Start Up Loans (personal loan, not company debt).
What is a personal guarantee on a UK business loan?
A directors written commitment to repay the company debt personally if the company defaults. Standard practice in UK SMB lending. Limited PGs cap exposure (e.g. 50% of facility); unlimited PGs don't.
Why do most UK lenders require a personal guarantee?
Limited-company structure means lenders can't pursue directors personally for company debts unless they have a written guarantee. Without one, Ltd-co default leaves the lender with company assets only. PGs solve this asymmetry.
Are no-PG business loans more expensive?
Yes, materially. No-PG lending is either secured (commercial mortgage, asset finance) where the asset prices the deal, or comes with a higher rate to compensate the lender for the missing director recourse. The size of the premium varies by lender and case, so compare quotes.
Can I get a no-PG MCA in the UK?
Possibly. 365 Business Finance says no security is required for its advances, but its site doesn't say whether a personal guarantee applies, so ask directly before applying. Practice varies between MCA providers.
How we ranked these
We weight genuine no-pg availability (50%), transparency (20%), eligibility breadth (15%), decision speed (10%), decline handling (5%). Rankings reflect our published editorial methodology, not any commercial arrangement. See our /methodology/ for the full basis.
Methodology weights
Weights specific to "Best UK business loans with no personal guarantee":
- Genuine no-PG availability50%
- Transparency20%
- Eligibility breadth15%
- Decision speed10%
- Decline handling5%
Read the full methodology for how we score and rank the lenders we review.
Also considered
- Asset finance specialists (no PG against the asset itself)
- Invoice finance providers (covered on MarketInvoice)
Not for
Newer Ltd companies with no security to offer.
Send an enquiry
Tell us what you need in 2 minutes. FundBiz is not a lender and does not run a credit check. We pass your enquiry to a business finance broker, who will contact you about your options. For limited companies, LLPs and partnerships with four or more partners.
Send an enquiry →FundBiz is owned and operated by Best Business Loans Ltd, directed by Oliver Mackman. Editorial by Best Business Loans Ltd (16833937).