Believe it or not, it is possible to obtain a small business loan without having to risk any collateral. With an unsecured loan, you can get up to $150,000 to finance your franchise without putting personal property on the line.
Similar to a small business credit card, unsecured loans consist of multiple lines of credit that have absolutely no use of proceeds requirements. Whether you need to pay for working capital, construction or pay a franchise fee, unsecured loans can help. Plus you can get funded fast — most loans finalize in three weeks or less.
The requirements of an unsecured loan include:
- 690+ credit score.
- Credit utilization rate below 50 percent.
- No more than two credit inquiries in the last six months.
- No recent negative reports in your credit history.
Guidant Financial can pre-quality you for an unsecured loan in just a few minutes. Call one of their financing experts at 888.472.4455 or click here to get started on your application