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What is an unsecured loan? How does it differ from a secured loan?

A secured business loan is money borrowed or secured against an asset you already own. This could be something like a car, premises or anything or value that will be used to secure payment to the creditor in the event that you are unable to repay the loan. In contrast, an unsecured business loan doesn’t require you to provide anything as security. Instead, you borrow a lump sum and then pay this back with interest over an agreed timeframe.

Step 1: Choose the bank account you would like to connect

Step 2: Give consent to connect your account

Step 3: Authenticate the account you would like to connect. We will link you to your banking provider in order to log in and automatically provide this authentication.

Step 4: Provide some basic details about yourself and your business

Step 5: You will have access!

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