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Other types of loans are nearly always unsecured, such as a line of credit. Unsecured loans usually have higher interest rates since they are made available without any security. Invoice discountingis essentially a line of credit taken out and secured by the value of your outstanding invoices, which can enable you to obtain up to 90% of their value immediately.

Eligibility CriteriaYour credit must be reasonably clean, if you want to access an unsecured business loan in the UK . There must be either affordability in the business for the loan or, failing that, an asset in the background (i.e. … Read more

The most common SBA loans are working capital loans and business loans for startups. The general UCC means the bank will come after any assets you have that do not have prior liens. That means the loan is not technically unsecured but is sort of in business loan purgatory.

We’ve helped a range of businesses across Australia in all sorts of industries at all stages of their growth cycle. To see what a business loan from Moula would look like, try our Business Loan Calculator. We’ll even send you a free loan pricing PDF, so you can see exactly what … Read more