Is an unsecured business loan right for your business?
If your business does not have high-value assets – or you are concerned about offering them as collateral – an unsecured loan is an obvious funding option instead of a secured business loan.
As no assets are required to take out this type of loan, there is reduced risk for the borrower which brings peace of mind as you look to take the next step with your business.
Industries such as retail and leisure are also well suited to unsecured finance, as the terms of lending favour businesses that are prone to have unexpected expenses that need only short-term business loans to bridge the gaps.
