What are Unsecured Business Loans?

What are Unsecured Business Loans?

Many people get caught up in terms like merchant cash advance, business cash advance and automatically think that it has negative connotations, like a payday loan, when they are talking about unsecured business loans. An unsecured business loan is simply a monetary loan that is not secured by the borrowers assets. Unsecured loans are available in many marketing packages in our everyday life such as:

•  Personal Loans
• Credit Cards
• Overdrafts
• Lines of Credit
• Bonds

All the above mentioned unsecured loans have some kind of interest rate applicable to the varying types of lending institutions. The level of the applied interest rate depends on the risk level of default and the amount of the "unsecured loan" or line of credit. The extra interest rate charged on an unsecured loan is called a risk premium, and the required rate is based on the lenders underwriting preferences. The longer a lenders investment the more riskier the loan is, because of the long term exposure to default, these longer term loans require a maturity risk premium.

How to Get a Unsecured Business Loan.

The process of getting unsecured funding from private financing companies is relatively easy when compared to getting a business loan through a bank. Unsecured business loans usually require a lot less paperwork before approval. The standard requirements for a a business cash advance are:

• 3 months in business
• $5000 a month in gross sales
• Plus 500 credit score
• 3 months bank statements
• Proof of ownership
• Copy of drivers license
• Canceled check
• And a signed application
  

Unsecured business loans can be used for operations,  assets as well as management and hiring new staff.

Once all of the required documents are submitted business loans can be approved in as little as 24 hours from the time of submission. Some of the largest companies in the world have been using unsecured business loans to maintain working capital, expansion, new location and more.


Contact VMC Capital LLC and find out if we can get you working capital to help your business grow

About VMC Capital

VMC Capital is a full service provider of Merchant Cash Advance Services throughout the United States. Headquartered in Langhorne, PA, VMC Capital is accepted as a leader in Merchant Cash Advance Services.

To learn more visit http://www.vmccapital.com or call 855-388-1113