Top Stories
Technorati ProfileUnsecured loans are ones that don't require any personal or business assets. They are 100% collateral free and are considered to be very high risk to any financial institution. The average the amount a lender will consider lending is 25k-50k for personal loans ad 50k-100k for business term loans or lines of credit. Applicants are to have excellent credit with no derogatory late pays in the past 5 years. you can never have a BK, foreclosure, or repossession of a vehicle ever. For start up business loans it can get a little tricky. The reason is the bank is not so much interested in yours or anyone’s start up business to be able to repay a loan. If a lending institution is to consider loaning you unsecured funding, it is going to be based solely on ones ability to repay a loan right now with the information at hand right now. Did I say right now! You can use unsecured financing for any reason or purpose you want, as long as you have great credit. If you need working capital for your business, equipment to start up a new business, or to consolidate debt, an unsecured loan is a great choice for most that have little to no equity in there homes! Good Luck!
www.ULServicesOnline.com
No comments:
Post a Comment