Unsecured Small Business Loan: $5,000 – $500,000
Unsecured Small Business Loans & Financing
Unsecured small business loan as a means of business financing might be easier to apply for, but they can often be harder to get. Unsecured business loans are that you don’t have to put up any collateral, offer business financial flexibility and protects from losing additional assets in case you end up defaulting on the loan. Our Unsecured small business loan specialist can help you fund your business without collateral. Understand the benefits, risks, and choose the best lender with SEG funding. No collateral? No problem. Submit a simple application or call 888-569-3865 and get the funding you need for your business.
An Unsecured Business Loan is a loan that is issued and supported only by the borrower's creditworthiness, rather than by any type of collateral. An unsecured loan is one that is obtained without the use of the property as collateral for the loan. With no collateral, it’s a greater risk by the lender. Extra risk on loans often equates to higher interest rates than secured ones do.
What is an unsecured business loan?
An unsecured loan is a loan that is issued and supported only by the borrower's creditworthiness, rather than by any type of collateral.
Unsecured loans involve much less paperwork than secured loans do. Defaulting on a secured loan means you could risk losing whatever assets you've put up for collateral. Unsecured business funding, while more costly, can keep your assets out of the hands of your creditors. And if you've got good credit and a solid business plan, chances are that an unsecured loan may be a good choice for you.
Loan proceeds can be used for almost anything. Taking an unsecured loan can make all the difference in the future of your company, as it gives you the capital you need to grow your business. If you're looking to purchase new/used equipment, acquire a building or land, or expand your business to a new location, an extra source of capital can make these changes a lot more viable.
Business owners who need money quickly should consider an unsecured business loan. This loan may be the only option for people who don’t own their own building, equipment or have sufficient equity to borrow against their homes.