Unsecured Business Loans: What You Need to Know

Mon, 29 Apr 2024 16:43:36 +0000

Unsecured business loans are loans that are not backed by collateral. This means that the borrower does not have to put up any assets as security for the loan. These loans are usually given to small businesses that do not have significant assets to offer as collateral. Unsecured loans are typically smaller than secured loans, and they have higher interest rates.