Collateral is required by almost all lenders as a minimum qualification. Consequently, new small businesses and startups seldom apply for unsecured business loans. The rates and terms of these types of loans are between 10% – 30% and have terms of up to 3 or more years. However, lenders cannot seize personal assets even if…
In the past, loan applications could take months and the process was usually time-consuming. The requirements were also difficult to meet. In recent years, lenders have made loan applications easy. Some lenders can offer you loans worth $500,000 in less than 24 hours. These loans come with easy requirements as well. Check out the three…