Unsecured Small Business Loans

Unsecured Small Business Loans

An unsecured business loan is funding from a lender that does not require any form of collateral.

There is a huge demand for this type of loan as small business owners may not have the collateral to put up.

Small Business Funding can help any small business owner find the capital they need. Most of our funding options do not require any collateral from you.  We can do this in less than 5 days in most cases so you have the capital you need for expansion, payroll, inventory, or working capital.

man pointing to unsecured business loan button

How Small Business Funding Can Help

Unsecured business loans are difficult to get funding for through traditional bank routes. Banks will always require a personal guarantee or collateral of some sort for a business loan. Often with new businesses, less than 2 years old, they are not in a position to give a personal guarantee or provide collateral.

Small Business Funding has an extensive network of alternative lenders it works with.  Eash has a specific niche so we can make sure to accommodate any and all small business owners’ capital requests.

Business performance rather than collateral is what Small Business Funding and our alternative lenders base their underwriting on. While credit can play a role in how much you can receive or how long your repayment terms are, an unsecured small business loan looks at the daily cash flows, deposits, NSF’s and negative days in the banking to help determine the amount one can borrow.


Expectations of Unsecured Small Business Loans

These are considered high risk loans whether you’re a bank or a private alternative lender. Lenders like to have security. Unsecured small business loans do not have any tangible collateral to speak of. The terms will be short and the rates much higher than a bank loan.

If you can get a bank loan, that is the best route to take. Otherwise, alternative lenders will provide the funding. Repayments will be a daily ACH out of your business checking account and the rates will be between 19% and 45% on the amount borrowed.

Putting these loans to use once you receive them is essential. You should use these unsecured small business loans to solve an immediate unavoidable business issue or to receive an ROI that will dwarf the cost of the money.


Steps To Receive Your Unsecured Small Business Loan

1 – Fill out our 1 page application

2 – Submit 3 months of the most recent business bank statements

3 – Submit (only if you process credit cards) the last 4 months of merchant processing statements

4 – Wait just 24 hours for a lending decision

5 – If approved, receive your money in as little as 3 days (may take longer depending on your funding option)!

Start Today.


Start your free application now button