Unsecured Business Line of Credit For aspiring business owners with quality products, collateral is usually important for starting new projects or expanding current ones. But bear in mind there are few financing options for new business via traditional financial institutions. Elite Merchant Capital provides options to help receive business financing with no need for collateral. Business Line of Credit comes in the form of unsecured business loans. An unsecured business line of credit is a loan that is not supported by collateral. This is a precarious loan for the lender, but a low-risk one for the borrower. Small businesses proprietors looking for unsecured business loans do so for a number of reasons. For instance, they can be funded quickly due to the fact that the loan provider is not underwriting any collateral such as real estate property, accounts receivables, inventory or equipment and tools. Borrowers of unsecured business loans frequently have to have an excellent credit score. Elite Merchant Capital however has an excellent 98% approval rate.
Elite Merchant Capital offers financing options to businesses regardless of what their credit score. Bad Credit will not disqualify you from getting Unsecured Business Line of Credit.
Unsecured Business Line of Credit Benefits:
• No upfront fees,
• Fast 24-hour approval
• Best Rates in the industry
• Refinancing in 40 days