Here at UnsecuredBizLoan.com, we know you want your small business funding immediately. That’s why we can accept your loan application for immediate processing online. We can arrange for unsecured SBA loans; however there is a credit score requirement of at least 680 for borrowers. If you need a line of credit, the minimum loan amount is $50,000. For anything less, you should consider an SBA loan. For new businesses the maximum SBA loan amount is $25,000. For established businesses the maximum is $35,000. Only borrowers who are free of derogatory credit marks are eligible to obtain an unsecured SBA loan.
Before you decide how much you need to borrow, make sure you have considered the important money issues. You need to project your earnings over the period of the loan as well as your projected costs. You should be able to demonstrate that over a significant period of time your net earnings will be adequate. If possible, you should put off getting a loan until you can demonstrate reliable earnings. Getting an SBA loan is something that should be done with adequate experience, thought and preparation.
There is an overwhelming variety of credit sources that may be available to you. You need to determine which is the most likely to best fill your business needs. Before you determine how much to borrow, make sure to consider the most effective use of money. Perhaps buying used office furniture and used computers makes better sense than buying new. If you are doing ecommerce, getting less expensive web hosting may also make sense. Scaling your expenses to size is a good business practice.
When you apply for SBA loans on our site, at UnsecuredBizLoan.com, your application will be processed immediately and you will be notified promptly of your eligibility. For eligible applicants we will find you an appropriate lender for your unsecured SBA loan.
To apply for funding for your small business, use the form on the right to begin the application process.