Three Types of Unsecured Business Loans

moneyUnsecured business loans are attainable even though they seem too good to be true. These advances are typically used for the purchase of equipment and machinery, renovations and expansions or advertising campaigns. There are countless other business-related expenses that are funded through these unsecured financing options.

These funding choices are very appealing because it is not necessary to put up collateral. Applicants need to do little more than give their word that they will pay back the debt. These financing approaches are typically called “signature loans” since they require little more than a signature.

One of the most outstanding features of unsecured business loans is the absence of collateral. Typically, lenders require some sort of security to ensure that the debt will be repaid in a timely manner. No collateral is necessary with the unsecured financing option for your business.

These financing options are ideal for small businesses that show a lot of promise. Lenders are more than willing to provide funds to a feasible endeavor that is very likely to succeed. Both you and lender benefit when your enterprise does well.

Unsecured Lines of Credit

Some entrepreneurs opt for a line of credit instead of monies up front. The line of credit is a fantastic option for unexpected expenses that require fast cash. The money is available as you need it. This approach is ideal for businesses that need to access money in relatively little time.

The line of credit also benefits business owners that want to borrow as much money as is necessary. They can simply use as much of the loan as they absolutely need. There is quick cash available that can be accessed whenever additional financing is required.

A glaring benefit of the line of credit is in the interest. Borrowers only pay interest on the actual amount that they borrow. The less money accessed the less interest on the loan. This take-only-what-you-need approach is a great way to keep finances under control.

Revenue Based Business Loan

This business loan is a type of funding that has a set maturity date and fixed payment amounts. If you prefer the certainty of this option then this choice might be right for your business. Revenue based business loans are no different, but they do have some business-friendly features that set them apart from traditional bank loans. Businesses that have been in operation for more than one year have a better chance of getting unsecured financing for their needs. The lender can use the company’s past productivity into consideration in the approval process.

Merchant Cash Advance

This is also a cash flow loan, which the bank lends funds, generally for working capital, using the expected cash flow that a borrowing company generates for the loan. The money is wired directly into your business checking account in as little as 3 business days.  Then a small percentage of your VISA/MC charges go to pay down the balance or a fixed payment with a fixed term is used to pay down the loan. This is not a collateral based loan and is not driven by your credit score.  The only thing you need to qualify is to be in business 3+ months.

Financing your enterprise can be a daunting task.  Fortunately, there are different types of unsecured business loans that can help you get the funds that you need.

 

Charles Colbert is The Director of Sales with American Capital Group. Leveraging his experience & education, Charles currently partners with growth stage companies who are in need of creative financing solutions to help them grow.  He can be reached by telephone at 212-201-0729 or by email: charles@amcpaymentservices.com. Website: http://american-capitalgroup.com

 

40 Responses to Three Types of Unsecured Business Loans

  • online bingo for money says:

    I love bloggers who are willing to confess their most secret thoughts!

  • p.har.ma.cy.idt says:

    best gr.e.e.k p.h.a.r.m.a.c.yidt

  • domain says:

    I think what you posted was actually very reasonable.

    However, think on this, suppose you added a little information? I am not saying your content
    is not solid., but what if you added a post title that grabbed a person’s attention? I mean Three Types of Unsecured Business
    Loans | Finance Portal is kinda vanilla. You ought to glance
    at Yahoo’s front page and see how they create post titles to get viewers to click.
    You might try adding a video or a pic or two to grab people excited
    about what you’ve written. Just my opinion, it would make your posts a little bit more interesting.

  • charging proclaim shine wireless says:

    Touche. Sound arguments. Keep up the good work.

  • black small boxer says:

    Hi superb blog! Does running a blog such as this
    take a great deal of work? I have virtually no knowledge of computer programming but I was hoping
    to start my own blog in the near future. Anyways, should you have any recommendations or techniques for new blog owners please
    share. I understand this is off subject but I simply had to ask.
    Thanks!

  • dcables fuji x m1 says:

    I visited various web pages but the audio quality for audio songs existing at this web site
    is actually wonderful.

  • l smoke hanes tagless says:

    A fascinating discussion is worth comment. I do think that you need to publish more about this
    subject, it might not be a taboo matter but generally folks don’t discuss these topics.
    To the next! Cheers!!

  • How To Lose 10 Pounds A Month Healthy says:

    Losing 10 pounds is significant along with a
    great motivator to losing more weight. Drink a good
    amount of water all day- 6-8 portions of water will help detoxify your system.
    In short after lunch avoid breads, cereals, rice, pasta, potatoes and corn and fill up on proteins
    and vegetables.

  • Betting UK says:

    Your style is very unique in comparison to other folks I’ve read stuff from.
    Thank you for posting when you’ve got the opportunity, Guess I’ll just book mark this site.

  • Pingback: Blue Coaster33

  • zakład stolarski says:

    You could definitely see your enthusiasm in the article
    you write. The arena hopes for more passionate writers like you who are not
    afraid to mention how they believe. At all times follow your heart.

  • pirate kings hack says:

    However, this might be considered a little informal for a wedding.
    The more highly placed a person was, the more opulent was his attire.
    With the economic downturn, the war and an uncertain future these are stressful times.

  • www.superwol.com says:

    Another salient difference in the trend now is that
    most fashion schools that train and educate potential fashion designers are including the green concept into their very own curriculum.
    Linen was the fabric of choice because it was comfortable during
    any season. To offset the conservative look try adding colors like orange or turquoise.
    Before storing necklaces, remember to refasten the class to help prevent
    knots and kinks.

  • CharlesXSchnieders says:

    You should be a part of a contest for one of the highest quality websites
    online. I’m going to recommend this site!

  • ZenaidaGHetchman says:

    Hey just wanted to give you a quick heads up.
    The words in your post seem to be running off the screen in Opera.

    I’m not sure if this is a format issue or something to do with web browser compatibility but I thought I’d post to
    let you know. The design look great though! Hope you get the problem fixed
    soon. Many thanks

  • ClemmieOOdonald says:

    Good post. I learn something new and challenging on sites I
    stumbleupon on a daily basis. It will always be interesting to
    read through articles from other authors and use something from their sites.

  • RusselPParonto says:

    Saved as a favorite, I love your site!

  • EdgarBWarsme says:

    It’s going to be ending of mine day, however before
    finish I am reading this great paragraph to increase my know-how.

  • DonyaOLeffingwell says:

    I do not even know how I ended up here, but I thought this post was great.
    I do not know who you are but definitely you are going to a famous blogger if you
    aren’t already 😉 Cheers!

  • CristopherXTen says:

    Spot on with this write-up, I truly believe that this site needs much more attention. I’ll probably be returning
    to read through more, thanks for the information!

  • ClaudVNiglio says:

    This design is spectacular! You definitely know
    how to keep a reader amused. Between your wit and your videos,
    I was almost moved to start my own blog (well, almost…HaHa!) Excellent job.
    I really loved what you had to say, and more than that,
    how you presented it. Too cool!

  • AntwanZQuerio says:

    I loved as much as you will receive carried out right here.
    The sketch is attractive, your authored material stylish.
    nonetheless, you command get got an nervousness over that you wish be delivering
    the following. unwell unquestionably come further formerly again since exactly the same nearly a lot often inside case you shield this increase.

  • ChariseCContois says:

    Hi there to every one, it’s truly a nice for me to go to see this site, it contains valuable Information.

  • DaronNMova says:

    When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time
    a comment is added I get three e-mails with
    the same comment. Is there any way you can remove people from that service?

    Thanks!

  • ColinHFunck says:

    We are a gaggle of volunteers and opening a new scheme in our community.
    Your site provided us with valuable info to work
    on. You have done an impressive activity and our whole community will likely
    be grateful to you.

  • emojis in text says:

    Hello there! This article couldn’t be written any better!

    Looking through this post reminds me of my prevcious roommate!
    He always kept preaching about this. I wikl forward this article to him.
    Pretty sure he’ll have a great read. Thanks for sharing!

  • funni ws|funni.ws says:

    If you wish for to take a great deal from this post
    then you have to apply these methods to your
    won blog.

  • RubinFCobane says:

    Do you have a spam problem on this site; I also
    am a blogger, and I was curious about your situation; we have created some
    nice methods and we are looking to exchange methods with others, be
    sure to shoot me an e-mail if interested.

  • AntioneVChaplean says:

    My brother suggested I would possibly like this
    web site. He was entirely right. This submit truly made my day.
    You can not imagine simply how much time I had spent for this
    information! Thank you!

  • DanialTHarbater says:

    Great site you’ve got here.. It’s hard to find good quality writing like yours nowadays.
    I honestly appreciate people like you! Take care!!

  • Fanatic says:

    What’s up, the whole thing is going well here and ofcourse every one
    is sharing facts, that’s genuinely good, keep up writing.

  • dinner dress amateur athletic union says:

    Whilst we mention a surfer life-style here as an example, bracelets for men are by no means limited to casual styles.
    In 2011, the same size bottle will cost you about 56 cents to as much as
    $1. Swim shoes if, for instance, you are planning a seashore honeymoon. Renewable technology and green energy solutions
    have presented plenty of opportunities for companies to improve their energy-efficiency whilst reducing costs.
    First, you can match the same color shirt and tie, this has been done for decades and it is still
    a valuable option. You will have a large selection of materials to choose from, including silk, satin,
    leather, cotton and even enamel coated evening purses.

    There are literally thousands of unique styles of dresses.

  • Orval says:

    Dot will be what guests call my eyes and My husband and i totally really like this
    make. What her and your girlfriend’s love is now
    bee conserving and might be preparing something more
    along with it. The job May very well been occupying for time is a dispatcher.
    North Dakota wherever his property is and undoubtedly never complete.

  • sweet cookie Blast iphone hack says:

    Linux tools are a tad bit more sophisticated but allow you to save cash on your internet hosting prepare.
    Definitely, use of proper equipment at the proper time
    will make you the best robber. Do you think everyone should get what they want without working for it or paying
    for it.

  • lasertest says:

    This article is genuinely a good one it assists new net people,
    who are wishing for blogging.

  • happy birthday wishes images says:

    I am sending you this birthday desire early due to the fact that I
    beat the Facebook notification, thus proving that I remembered your birthday.

  • Deutsche Ficken says:

    ” As much as we like the word “Free”, there really is no these kids of issue in the real world or the on the internet globe. You’ll be easily able to do virtually anything you need to from the host computer without jeopardizing any of your personl information. If you build the sexual tension then in thee end she’ll wanjt it hard and fast – after the romance.

  • 502 ошибка says:

    This piece of writing offers clear idea designed for the new viewers of blogging, that genuinely
    how to do running a blog.

  • http://audiotranscriptionusa.blogspot.in/2017/03/audio-transcription-services-usa.html says:

    Remarkable! Its really remarkable piece of writing,
    I have got much clear idea on the topic of from this post.

  • Deutsche Pornofilme says:

    ” As much as we like the word “Free”, there reallly is no these kinds of issue in the real world or the on the internet globe. An Aphrodisiac is a potion or pill or type of food that cann be taken or used on a regular basis too heighten sesual arousement; or it can even be an act of doing something that arouses sexual desire too. Our enemy thrives on compromise and weakness, so the only way to win is to take the offensive and kill it.

Leave a Reply

Your email address will not be published. Required fields are marked *

Security Code: