The Basics
What is an Unsecured Business Loan?
A unsecured business loan is a quickly processed business loan, where instead of using your assets as security you use your business’s future cash flow.
Whilst the interest rate may be higher, unsecured loans can actually produce better financial outcomes.
What do you need to get this type of finance?
- Good recent business history, cash flow and sales
- Positive bank balance
- Diverse sales income — more than 10 clients per month
What are the benefits of an unsecured loan?
- Fast access to funds — usually less than 3 days
- Loans assessed on revenue and strength of cash flow
- No risks to your assets (often a personal guarantee is required)
- Quick and easy application process
The features of a Short Term Unsecured Loan | |
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Security Requirements |
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