Secured vs Unsecured Business Loans: What’s the Difference?
Bizcap may take personal guarantee from directors of corporate borrowers, directors of corporate guarantors and certain individuals. Then you get to choose your unsecured loan amount plan and tenure as per your requirement. Unsecured loans are sanctioned faster as there is no need to go through asset-related documents. We will not be able to offer finance if you are located in Scotland, Northern Ireland or the Irish Republic.
- However, this distinction impacts interest rates, loan conditions and the amount you can borrow.
- For your identity, we likely won’t ask for anything more than a driver’s license and your business’ ABN.