When a business needs help growing and expanding, that help can be achieved with a business loan. Two basic types of business loans are available – secured business loans and unsecured business loans. With a secured business loan, the business offers up some type of collateral to back the loan. The asset that can be used can be anything, such as the building for the business. Since not all businesses have collateral to offer up, unsecured business loans are the exact opposite as no collateral is required.
As you may suspect, the interest rate for an unsecured business loan is generally higher than that of a secured loan. This is because the risk is higher for the lending institution. However, the rates are usually better than what is available from a business credit card, which makes the unsecured loans a viable financial tool for businesses. At UnsecuredBizLoan.com, you can apply for an unsecured business loan right now with no waiting. The application is completely online and is only a short two pages.
To complete the application, you do need details of business sales volume, as well as your personal credit score. Here at UnsecuredBizLoan we require that all loan applicants have a credit score of 680 or higher in order to qualify with our lenders that we have partnered with. On the application, you must selected your preferred loan amount. The lowest we offer for business loans is $50,000, but we do have additional financial tools available if your business does not need that much in financing.
When your business is ready for financing, the application can be submitted and approved quickly. In fact, you can begin using the unsecured business loan funds to help the business as early as a few days from the date of the application.
To apply for funding for your small business, use the form on the right to begin the application process.