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).
Director, BestBusinessLoans
Oliver leads BestBusinessLoans's editorial reviews and methodology. With a background in UK commercial finance, he oversees lender research, rate verification and review independence.
Last reviewed: 26 April 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
Weighted on genuine no-PG availability (50%), rate transparency (20%), eligibility clarity (15%), decision speed (10%), decline handling (5%).
Methodology weights
Weights specific to "Best UK business loans with no personal guarantee":
- Genuine no-PG availability50%
- Rate transparency20%
- Eligibility clarity15%
- Decision speed10%
- Decline handling5%
Full methodology.
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.
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Open our /get-quotes/ form →Reviewed by Oliver Mackman, Director. Last reviewed: 2026-04-26.