For aspiring entrepreneurs and business-owners with quality products or services, collateral is often essential for launching new ventures or expanding existing ones. However, at National Business Capital, there are options to help business owners to receive an unsecured business business line of credit with no need for real estate collateral. Freedom comes in the form of unsecured business financing.
What Makes a Loan “Unsecured?”
For both personal and business financing unsecured loan is a financing option that is not leveraged with any kind of collateral. To a lender, this is often considered a riskier method of lending money, as it does not give them any “security,” should the borrower default on their loan. Because of this, interest rates are typically higher among unsecured business loans and business lines of credit.
However, new alternative business financing options provide clients all the benefits of zero-collateral funding options, and the lower interest rates of traditional secured loans. One of these options is a business line of credit, which NBC can provide to business owners that do not wish to offer up any collateral, and still obtain a financing option with large amounts offered, long terms, and low rates.
What is an Unsecured Business Line of Credit?
An unsecured business line of credit is a type of loan that is not backed by real estate collateral. This is a precarious loan for the lender, but a low-risk one for the borrower. National Business Capital seeks to establish long-term financial relationships with each of our clients. We know that to stay in business you must grow your business. And that tomorrow’s success is founded on today’s financial business relationships you can depend on for funding whenever you need to take your enterprise to the next competitive level. National Business Capital’s business lines of credit are flexible, fast and dependable. If your business could benefit from an unsecured business line of credit, know that we can not only provide the funding you require, but also provide sound and professional business advice you can depend on based on years of experience and millions of dollars lent to small businesses just like yours.
How to Obtain an Unsecured Business Line of Credit
When small business owners are seeking funds for their businesses, they usually require the money as quickly as possible. Small business owners who seek to use an unsecured business line of credit and unsecured business loans do so for a variety of reasons. Perhaps a key piece of equipment needs immediate replacement, or your firm has outgrown its startup location and a new headquarters is a must. These financial needs can be funded very quickly due to the fact that National Business Capital as the lender is not underwriting any collateral such as real estate, machinery or equipment.
To borrow an unsecured business line of credit, you often need to have an excellent credit history. This is not a loan requirement with National Business Capital. Since we are not affected by banking industry restrictions, we can offer many alternative financing options to small business owners. No matter what your credit history it may be possible for you to obtain an unsecured business loan. Securing an unsecured business line of credit is but one of many options for business owners who apply to National Business Capital.
Choosing National Business Capital means you will have no upfront fees, lightning fast 24-hour approval and efficient service that is delivered with a personal touch. The approval process for unsecured business finance is based on the overall picture; financial setbacks are not grounds for immediate loan disqualification. To fill out our 2-minute application or for more information on an unsecured business line of credit and unsecured business loans, please click here. You can also give our experienced business consultants a call at (877) 518-2568 to receive answers to your questions about securing an unsecured business line of credit and unsecured business finance.