Unsecured finance products are one of the hardest types of financial products to get if you don’t know how or where to get them. Financial loans come in 2 separate types: secured and unsecured (non asset based) When business lending is through the SBA (Small Business Administration) it can take around 4 months to close and will include assets, business plans, projections, and tax returns.
When business lending is done through a unsecured channel, assets and projections are no longer needed. Only certain finance companies actually do unsecured financing. The ones that do have different rules and regulations depending on how they are charted. Some tips for getting unsecured finances are how strong is your personal or business credit score.
To get unsecured financing whether it means unsecured credit cards or unsecured business lines of credit you need a strong credit score. Unlike SBA funding or other type of commercial business funding unsecured funding is based largely on credit scores.
For more information about our products:
Call us at 1-888-294-2584 and ask to speak to one of our loan specialists