Unsecured vs Secured Loans
Clearly you can see the difference between these two loan types just by their titles. An unsecured loan has no business or personal assets used as collateral for the loan. An secured loan does have those assets for collateral which provides security to the lender in knowing that regardless to if your business is able to meet the repayment obligations the assets can be seized and sold to cover the cost of the loan.
Too High Risk For Lending
Many lender will not touch a business unless they have assets to place as collateral. If they do lend to them without security the borrowing business must have excellent credit and financials as well as numerous years in business for the lender to feel comfortable that they will infact repay the loan as promised. Lacking both of the credit and financial backing or assets for security your business can easily be deemed as too high risk for lending.
Meeting Your Businesses Financial Needs Through Unsecured Lending
At The Unsecured Funding Source we help businesses like yours meet your financing needs through our unsecured lending options. While your businesses credit and financials are a factor in approval it is much easier to receive financing through one of our unsecured loan options than with a traditional lender.
Common Types of Unsecured Lending Offered Through The Unsecured Funding Source
Unsecured Business Loans
Unsecured Start Up Loans
Merchant Cash Advances
With our traditional and nontraditional unsecured lending options you will be able to get the capital you need and keep your assets within your business. Securing a loan is not the only way to meet your businesses financial needs, let The Unsecured Funding Source show you other financing options today.