Common Contracts
1 similar Unsecured Loan Agreement contracts
Agreement format for unsecured loanUnsecured Loan Agreement • May 6th, 2021
Some business owners can’t or don’t want to pledge specific assets—personal or business—as security for a business loan. Many traditional lenders require business loans to be supported by collateral, such as real estate or equipment. The best unsecured business loans offer large amounts of funding—quickly—with easy-to-meet qualifications. Top 5 Unsecured Business Loans *Last Updated: January 2021 How We Evaluated Unsecured Business Loans In evaluating the best unsecured business loans, we considered a variety of lending options. The desire of some small business owners to access funds without providing specific business or personal assets as collateral was top of our minds. None of the providers we reviewed requires specific assets (e.g., business equipment or a home) as collateral, but most require a personal guarantee. The providers we reviewed provide two basic types of unsecured business loans: small business lines of credit (LOC) and short-term business loans. With an LOC, borrowe
