What It Is
Unsecured financing provides either a lump-sum term loan or a revolving line of credit without posting hard collateral. Approval is driven by cash flow, time in business, and credit profile. A personal guarantee may be required, but no liens on your equipment or property.
Why Businesses Use It
- Bridge cash-flow gaps and cover payroll
- Buy inventory or raw materials
- Upgrade technology and equipment
- Fund marketing and sales pushes
- Renovate, expand, or open a new location
- Manage taxes and short-term obligations
- Seize time-sensitive opportunities
Typical Amounts & Terms
- Loan amounts: ~ $10,000–$500,000+
- Lines of credit: ~ $10,000–$250,000 (revolving)
- Terms: ~ 6–24 months (loans); draw and repay as needed (LOC)
- Speed: approvals in 24–72 hours; funding ~2–7 business days
Who Qualifies
You don’t have to be perfect — just active and operating.
- Time in business: typically 6+ months (startup options available)
- Monthly revenue: generally $15k+ in deposits
- Credit profile: 600+ FICO helps; strong cash flow can offset
- U.S. business with a business bank account
Good to Know
All programs are subject to underwriting and availability. Actual amounts, rates, and terms vary by state, industry, revenue, and credit.