UNSECURED BUSINESS LOAN

An unsecured business loan is a loan that does not require collateral. Most business loans require a collateral of some part of the business whether it is inventory, equipment, or even business property. An unsecured business loan relies on the personal credit worthiness of the borrower aka the business owner. Unsecured business loans will provide fast cash or same day funding. Since there is a higher risk for the lender they tend to come with higher interest rates.