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Unsecured Startup Business Loans
Without a collateral or investment required, unsecured startup business loans can provide financing for small businesses with: a working capital, equipment leasing, factoring, real estate premises, furniture and fixtures, machinery and equipment, purchase of additional inventory, business acquisitions and more.
Equipment Leasing
Short on cash, but need new equipment to grow? Lease what you need.What It Is: Equipment leasing is basically a loan in which the lender buys and owns equipment and then "rents" it to a business at a flat monthly rate for a specified number of months. At the end of the lease, the business may purchase the equipment for its fair market value (or a fixed or predetermined amount), continue leasing, lease new equipment or return it.
Appropriate for: Any business at any stage of development. For start-up businesses with no revenues, "small ticket" leases, those of $100,000 or less, are feasible on the personal credit of the founders or owners-if they are willing to make the monthly payments.
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Resources for Unsecured Startup Business Loans
Invoice Factoring: A Valuable Funding Resource
Invoice factoring companies can provide immediate, short-term funds for companies that are unable to obtain a traditional bank loan. Financing from traditional banks generally requires commercial borrowers to have two years in business and showing a profit. Banks tend to favor loans secured by tangible assets like machinery, inventory, equipment and real estate. Working with factoring companies, in contrast, are less restrictive.Read full article
Resources for Unsecured Business Loans
Taking the Accounts Receivable Financing Plunge
Is Account Receivable Factoring for You?As a small business owner, you know first hand the struggle of attaining capital to finance the growth of your business or meet cash flow shortages. When regular small business financing such as loans and credit are limited, some business owners will turn to accounts receivable financing. Is accounts receivable financing right for your business?
What is Accounts Receivable Financing?
Accounts receivable financing is the selling of outstanding invoices or receivables at a discount to a finance or factoring company that assumes the risk on the receivables and provides quick cash to your business. The amount of value assigned to the account depends on the age of a receivable. A more current invoice will pay more. Any accounts receivable over 90 days typically are not financed. Accounts receivable financing is also known as accounts receivable factoring or accounts receivable funding.
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Resources for Unsecured Business Loans
Leasing Is Often Better Than Buying
Leasing refers to an owner, or lessor, selling use of his property (equipment, automobile, home, or business) to a lessee. For many individuals, leasing is a good alternative to buying because leasing requires less equity and, therefore, more people have the qualifications to lease than to buy. For example, a $1 million piece of property may be too expensive for a business to purchase, so they lease it for $5,000 per month, which they are able to do with the profits they make.Having the latest high-tech equipment is crucial for an IT company, so they may lease the best computers and have a continuing upgrade in their contract. This is much more cost-effective than regularly having to purchase the latest model, especially because computers are constantly being improved upon and the older ones become obsolete in no time.
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Resources for Unsecured Startup Business Loans
Loans and Finance Blog
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Financial Resource Links
- Unsecured Loans Now
- Find unsecured loan programs for people with good credit, bad credit or seeking unsecured loans for their businesses or personal use. No collateral required!
- Business Lines of Credit Up To $125,000
- Use your future credit card sales to provide your business with working capital. Representative contacts you within 24 hours.
- Business Credit Cards
- These credit card companies offer unsecured credit cards with low APR, cash back programs and reward programs to businesses.
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