MoneyGiant: Unsecured Business Loans
Getting an external cash injection for your business may be difficult if you do not have the required personal or commercial assets to guarantee your loan. However, do not give up on getting financial assistance before trying our unsecured business loans.
Defining an Unsecured Business Loan
An unsecured business loan just as the name suggests, is an external source of financial assistance for a business that entrepreneurs can access without securing it against their commercial or personal assets. At MoneyGiant, we offer unsecured loans based on your trading or operating history without laying much focus on your assets.
Who Qualify for This Loan
We do not have restrictions as to the way you put your loan money into use. Therefore, we are open to all business, both startups and those that have been in operation but have not managed to own commercial assets that can qualify them for secured loans. To qualify for this loan, you need to have at least one year’s financial accounts. This requirement is pretty easy for any business to meet.
How Does the Loan Work?
We operate in a way similar to that of other lenders. As a business, you apply the loan amount that you need and if approved, you will receive it in a single payment. Your loan repayment policy will depend on our agreed terms.
Unsecured loans will offer your business benefits, such as:
- Access to financial assistance, even without securities.
- Fast turnaround time as it follows fewer procedures and legalities.
- You have reduced upfront costs since you do not have to pay for asset valuations or other legal fees.
Despite being a promising solution to your financial problems, this loan also has some drawbacks:
- The interests are pretty high due to the greater risk that we face. As a result, you may end up paying more.
- If our maximum limit is not enough for your needs, then this may not be the best option for you.