Powering SME Growth: Exciting Enhancements to Our Unsecured Business Loan facilities

• Maximum loan amount increased to £350,000 to support larger opportunities or multiple requirements
• Simplified fees and early settlement options to empower business growth.

As SMEs adapt their business strategies to navigate the current financial landscape and focus on efficiency and growth, access to unsecured business loans that are fast, flexible, transparent, and accessible becomes increasingly important. For many, this funding can enable the business to upgrade technology, progress acquisitions, invest in research and development for market expansion, or enhance capital equipment and infrastructure — all without the need for collateral.

With this in mind, Shawbrook’s Digital SME team has introduced some exciting enhancements to its unsecured business loan product:

We have upped our maximum loan amount to £350k. This higher lending limit enables SMEs to confidently pursue larger opportunities or consolidate capital expenses into a single unsecured business loan, offering greater efficiency with just one monthly repayment.

We have increased flexibility around early settlements on our unsecured business loans. Customers can repay their loans early at any stage, and after the twelfth instalment, there are no early settlement fees—giving your clients the freedom to clear their balance without penalty. For those who settle before the twelfth instalment is paid, only a 1% fee applies to the outstanding balance, providing both clarity and control over costs.

To further improve affordability and transparency, our upfront acceptance fee has been removed and replaced with a simplified arrangement fee which is repaid over the life of the loan.

These enhancements have been introduced in response to ongoing feedback from our broker network and customers, as well as the evolving demands of the market. With increased funding, simplified fee structures, and improved settlement flexibility, our loan product is better positioned to support businesses who in turn will be better equipped to respond to market changes and pursue their strategic growth plans. 

If you have any questions about the updated product or would like to discuss a potential application, please do not hesitate to get in touch with our Broker Management Team. Together, let’s unlock new possibilities for SMEs and drive business growth forward.

To find out more, visit Unsecured Business Loans.