How a Unsecured Business Loan Can Increase Your Business Working Capital

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For most businesses, taking out a traditional loan from the bank is often the first thing they do when they need a quick infusion of cash into their business working capital. But many small businesses are starting to realize that getting the money this way is increasingly becoming more difficult. Banks are becoming more tight-fisted lately when it comes to approving loans and if you or your business have bad credit or you don’t have sufficient collateral, then you may be out of luck.

Luckily, you have another option, and that is to take out a Unsecured Business Loan. Technically, it’s not even a loan. You just get the money you need right at the onset of the agreement, and in return the lender gets a percentage of your sales until you pay back the cash advance and the premium. Among most lenders, this percentage is commonly pegged at 8%.

There are a number of ways in which a Unsecured Business Loan can be beneficial:

  1. Your application is much more likely to be approved. If your bank loan application was denied due to your low credit, you may be relieved to know that your credit in this case is irrelevant. What’s more important is the actual stability and performance of your business. Banks need to assess your business plans, tax returns, and your financial statements. But those who provide Unsecured Business Loans check only how long you’ve been in the business and how much you generate in monthly credit card sales. If you’ve been in business for at least 9 months, for example, and you generate at least $5000 in monthly credit card sales, you’re likely to get approved for a Unsecured Business Loan.
  2. The entire process is quick and easy. Banks can take time—weeks or even months—to process a loan. But you may need only a week to receive your Unsecured Business Loan. This can be a crucial difference, especially if your business is in dire need of additional business working capital.
  3. Your credit and collateral is protected. Unlike commercial loans, a Unsecured Business Loan won’t affect your credit rating. That’s because it’s technically not even a loan. It doesn’t get reported to the credit bureaus because it’s technically a sales transaction. You don’t even risk losing your collateral, because there’s no requirement for it.
  4. You only pay back the loan when you’re also paid by your customers. Loans in general require regular (as in monthly) payments in fixed amounts. But with Unsecured Business Loan, the rate of collection varies depending on how strong your credit card sales are for the month. This can be a boon for businesses in which the revenues are seasonal or wildly fluctuating, such as hotels.

So in the end, even if banks will not grant you a loan you need, there’s still hope. You can still save and even nurture your business by increasing your business working capital with a quick Unsecured Business Loan.  For more information about this service, check out


What is an unsecured business loan? | Business Loans $250k and up

Unsecured business loans are a perfect way to fund buying a business or expanding a business.
Unsecured business loans are a perfect way to fund buying a business or expanding a business.

What is an unsecured business loan?
An unsecured loan is a funds advance that doesn’t make the borrower use any collateral in order to ensure that they can repay the loan. They won’t have to lose any of their own personal property or assets if they default on the loan. When you are a small business owner, and you are risking a lot to get your business going, there’s no worse feeling than thinking you’re going to lose your house or your stuff if your business doesn’t pan out and you can’t repay the loan.


What are the Advantages of Unsecured Business Loans?


Collateral is not Necessary


Unsecured business loans are a perfect way to fund buying a business or expanding a business. Even though interest rates are a little higher because the lender has a lot more risk, the process is usually simple as long as you or your business has a decent credit score. You just have to persuade the lender that you’ll be able to repay the loan.


Criteria for Borrowing


What does it cost to apply for an unsecured business loan and how much money can you borrow? These loans usually range from $10,000 to $100,000, depending on different factors like previous credit limits, residence status, income, and credit history. If you see a small business loan chance, but it has a lot of big application fees, then stay away from it. Credible firms won’t charge big upfront fees.


Quick and Simple Process


Obtaining an unsecured business loan, and applying for one, is often a quick and simple process. For instance, if you discover a business that you want to purchase, you can often fill out a form online or call a number to go through a process for pre-qualification. Usually within a couple of hours on an ordinary business day, you can see whether or not you meet the qualification criteria. If you meet the criteria, then the process will continue until you get approved for the loan. It may take a couple of hours or even a week before the wire transfer goes through to your bank account.


How do you Apply for an Unsecured Business Loan?


You can find a lot of sites where you can apply for unsecured business loans easily and quickly.


Interest Rates


The interest rates can be a little higher for unsecured business loans. Interest rates actually vary based on the particular circumstances and credit history. Repayment terms usually range from one to seven years.




You may be able to reduce your interest rates if you have a good credit history, good business income, and you have a stable business with stable income. You could also find better interest rates if you shop around at different lenders and look for the one that is going to give you the best deal. There are even different kinds of lenders for different kinds of companies. Some cater to small businesses, and some cater to mid-size businesses. Some cater to business in certain industries. Some cater to businesses who are just starting out. Some cater to businesses who have a long business history.


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2013 unsecured business loan | We offer fast unsecure business loans

 unsecure business loans
2013 unsecured business loan | We offer fast unsecure business loans

Starting a small business requires a lot of, and it takes entrepreneurial spirit, gusto, courage, and knowledge of the market that you’re entering too. However, most of all, it just needs a financial commitment from the small business owner. It’s hard to come up with that financial bankroll sometimes, and that’s where an unsecured business loan comes in.

If you have everything in place, then your chances of surviving with your startup business dramatically go up. Almost no business would be able to survive without the right financing at the right time, and that’s where an unsecured business loan comes into place. This might be the only option for a small business owner without a lot of resources to help him out, and they’re sometimes based on the small business owner’s credit history, but they’re not based on collateral usually. They can be based on collateral, but, most of the time, the small business owner is not going to have that kind of collateral on hand. That’s why it’s imperative to look into a small business loan if you want to grow your business.


Small businesses, especially new small businesses, will many times come up against a lot of resistance when they are trying to apply for loans. It can be all the more frustrating for small businesses because they’re just trying to get that crucial capital needed to finance and expand their business. If they don’t get the money, they can sometimes run into roadblocks in drawing in new customers and keeping up with the maintenance and flow of their business. This can even lead to the business crumbling. That is why it is so important that small businesses have easy access to the capital they need while they are in the building and growth phase.


A lot of small businesses are set up and taken down in the same year, and it makes a lot of lenders not want to give money to these new, budding businesses. These businesses are considered high-risk, and they can be a danger for the lender to take on. A good way around this issue to get unsecured business loans. This kind of loan is based on your credit score. When you go to get an unsecured loan, you won’t be required to put up any kind of asset to make sure you can secure the loan through collateral. Lenders will give these kinds of loans based on the general possibility to pay back the loan as soon as possible.


If you have to deal with an emergency situation relating to your small business, this kind of loan can be an ideal one. If you need to get your loan approved expeditiously, then it’s a smart idea to shop around for good business loans, and to pick from a company that lists a network of several hundred lenders because you want to get the best interest terms and rates. It is imperative that you choose from a network like this, or you might have to go with your bank, or whatever financial institution is the closest to you.


Need an unsecured business loan for your business? Click Here