Unsecured business loans do not require any real estate or other assets as collateral. Eligibility is assessed on the financial health of your business and creditworthiness. Unsecured business loans are short-term in nature, usually 3 to 12 months. Because of the increased risk of being unsecured, the interest rate will be higher than the secured loans.
Unsecured business loans have some great features; they include fast approvals, minimal paperwork, funding from $5,000 to $500,000, fixed daily or weekly repayments and funds suitable for any business purpose.
DotCapital has non-bank and private lenders on its panel who welcome loan applications from small businesses.