Unsecured small business loans are loans that require no collateral but rather are based solely upon the creditworthiness of the small business borrower and their business.
The vast majority of banks prefer to secure loans with some sort of collateral like real estate, equipment, or other valuable business assets. Unsecured small business loans are great for the short term and set payments are daily weekly or monthly.
Benefits of Small Business Loans
- GET APPROVED IN 24 HOURS OR LESS
- GET YOUR FUNDING WITHIN 24 HOURS FROM APPROVAL
- CONTROL OF YOUR CASH FLOW – YOUR LOAN COULD BE AS MUCH AS $20,000 – $1 MILLION
- EASY 1-PAGE APPLICATION
- NOT SOLELY BASED ON YOUR PERSONAL CREDIT
- FLEXIBLE REPAYMENT TERMS
Flexible Terms Include
- MINIMUM TIME IN BUSINESS: 3 MONTHS
- MINIMUM ANNUAL REVENUE: $250K
- FICO SCORE: 500 +
- DISMISSED OR DISCHARGED BANKRUPTCIES OK
- TAX LIENS OK
- NO REAL ESTATE COLLATERAL REQUIRED
- LOSS ON TAX RETURN OK
- NO INDUSTRY RESTRICTIONS
- GET UP TO 18 MONTHS TO REPAY
- NO UNIFORM COMMERCIAL CODE (UCC) OPTIONS AVAILABLE