Best UK business loans with no personal guarantee
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).
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 specialty finance comparison and the logic behind how businesses are matched to lenders.
Last reviewed: 12 June 2026
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Merchant cash advance · £10k to £500k · 24 to 48 hours
No-PG MCA available for some applicants; rare in the UK MCA market.
Read full 365 Business Finance review → -
SME term loan + commercial mortgage · £150k to £5m · 5 to 10 business days
No PG required for asset-backed lending against commercial real estate.
Read full Allica Bank review → -
SME term loan + bridging · £500k to £50m+ · 7 to 14 business days
Bespoke deals can structure without PG against strong asset security.
Read full OakNorth review →
Side-by-side comparison
| Lender | Typical rate | Ticket | Decision | Best for |
|---|---|---|---|---|
| 365 Business Finance | Factor rate 1.10 to 1.40 | £10k to £500k | 24 to 48 hours | No-PG MCA available for some applicants; rare in the UK MCA market. |
| Allica Bank | From 7.99% APR | £150k to £5m | 5 to 10 business days | No PG required for asset-backed lending against commercial real estate. |
| OakNorth | Bespoke | £500k to £50m+ | 7 to 14 business days | Bespoke deals can structure without PG against strong asset security. |
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 do not.
Why do most UK lenders require a personal guarantee?
Limited-company structure means lenders cannot 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. Expect 2 to 5 percentage points above PG-equivalent pricing.
Can I get a no-PG MCA in the UK?
365 Business Finance offers no-PG MCA for some applicants. The qualifying conditions: strong card flow, established trading history and acceptable sector. Most MCA lenders default to a PG; ask directly before applying.
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 every lender on the FundBiz panel.
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.
Check eligibility in two minutes
Tell us ticket size, trading history and sector. We match you against the FundBiz specialty panel and surface the lenders most likely to approve your file, including post-decline routes. Limited companies, LLPs and partnerships of 4+.
Open the eligibility checker →Reviewed by Oliver Mackman, Director, Best Business Loans Ltd. Last reviewed: 2026-06-12. Editorial by Best Business Loans Ltd (16833937).