Unsecured business loans, without putting up your property
Funding based on your cash flow and credit, not your house or your equipment. We compare lines of credit, term loans and revenue-based working capital so you see the cheapest unsecured option you qualify for.
What “unsecured” really means
An unsecured business loan has no specific collateral pledged, like real estate or equipment. The lender approves you on your revenue, your credit and your time in business.
Types of unsecured business loans
Rates shown are typical ranges in today’s lending market, for information only. Your rate depends on your credit, revenue and time in business.
| Option | Credit | Time in business | Monthly revenue | Amount | Typical cost |
|---|---|---|---|---|---|
| Term loan | 650+ | 12+ months | $20,000+ | $10K–$750K | 7%–54% APR |
| Line of credit | 700+ | 2+ years | $5,000+ | $2K–$150K | 8%–55% APR |
| Business credit card | 680+ | Any | Any | $5K–$150K | 0%–36% APR |
| Revenue-based working capital | 500+ | 3+ months | $4,000+ | $1K–$350K | Factor 1.06–1.70 |
| Merchant cash advance | 500+ | 6+ months (some from 3) | $10,000+ | Up to $5M per location | Factor 1.10–1.50 |
A factor rate is a flat multiple of the amount advanced. A 1.25 factor on $50,000 means $62,500 is paid back in total. Ask for the total payback in dollars on every offer.
Before you apply
Turned down by your bank? What to do next.
ABC 10 News “Banking on Business”: when a cash advance makes sense.
When unsecured makes sense, and when it doesn’t
Good fits
- You need money in days, not weeks
- You don’t own real estate or don’t want to pledge it
- A short-term need with a clear payback: inventory, a big order, a payroll gap
- Your bank said no, and waiting would cost you more
Better options exist
- Buying equipment or vehicles: equipment financing costs less because the equipment is the collateral
- Long-term projects: a term loan or SBA loan is cheaper over time
- Waiting on customer invoices: invoice factoring may cost less
- Stacking several advances to cover a monthly shortfall
What you need to apply
Application-only
- One-page application (soft credit inquiry)
- 3–6 months of business bank statements
- 4 months of card processing statements, if you take cards
- Driver’s license and proof of ownership
Full documentation
- 1–2 years of business tax returns
- Year-to-date P&L and balance sheet
- Debt schedule if you are refinancing
- Startups: 650 minimum credit and personal guarantees
How to get an unsecured business loan
- Get a free quoteUse the online quote for a no-obligation estimate.
- Apply in 3 minutesOne application with a soft credit inquiry.
- Compare offersSee each offer’s total payback, payment and term side by side.
- Get fundedWorking capital can fund in 24–48 hours; term loans take a few days to a few weeks.
Unsecured business loans: FAQ
Do unsecured business loans need a personal guarantee?
Almost always. No specific collateral is pledged, but the owners usually sign a personal guarantee, and many lenders file a general UCC lien on business assets.
What credit score do I need for an unsecured business loan?
Revenue-based working capital and cash advances start around 500. Term loans generally want 650 or higher, and lines of credit usually want 700 or higher.
How much can I borrow without collateral?
Typically $5,000 to $750,000 on term loans, and up to $2 million on revenue-based programs for strong, established businesses. The amount is usually tied to your monthly revenue.
How fast can I get an unsecured business loan?
Revenue-based working capital can fund in 24–48 hours. Term loans and lines of credit take from a few days to a few weeks.
Can a startup get an unsecured business loan?
It’s hard before you have revenue. Most programs want at least 3 months of deposits. Startups usually do better with equipment financing, with 650 minimum credit.
See what you qualify for without collateral
Apply once and compare unsecured offers, with a soft pull.
Educational information only; not legal, tax or accounting advice. Rates shown are typical market ranges, not offers. All approvals, rates and terms are subject to credit, time in business, cash flow and lender guidelines. Liberty Capital Group, Inc. NMLS #2009539. CA DFPI #60-DBO49692.
Explore our guide to various types of Unsecured Business Loans. Whether you’re considering uncollateral-based funding or seeking insights into fast funding solutions, we’ve got you covered. Understanding business loan interest rates is crucial for making informed financial decisions. At Liberty, we believe in transparency, providing clarity on interest rates to help you set realistic expectations. Rates shown on here is for informational purposes which compares to the current lending marketplace. You will achieve the same range no matter where you go.
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Business Credit Card |
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Credit Score |
Credit Score |
Credit Score |
Credit Score |
Credit Score |
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Time in Business 3 months+ |
Time in Business |
Time in Business |
Time in Business |
Time in Business |
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Monthly Revenue |
Monthly Revenue |
Monthly Revenue |
Monthly Revenue |
Monthly Revenue |
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Loan Amount |
Loan Amount |
Loan Amount |
Loan Amount |
Loan Amount |
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1.06 – 1.7 |
0% – 36% |
8% – 55% |
7% – 54% |
18% – 140% |
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Benefits: Perfect credit not required. |
Benefits: 0% intro APR’s, Spending Rewards. Points Rewards. |
Benefits: Only pay interest on funds drawn, Credit is available when you need it, It is suitable for the majority of business needs. |
Benefits: Loans are approved quickly, No collateral may be needed, Little paperwork, Early Payoff Discount. |
Benefits: Short term to funding, Not for long term solution. It’s a stop gap. Emergency. Not to live off. No collateral required. |
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Drawbacks: Higher cost, Automatic payment. |
Drawbacks: Variable rate, Possible annual fee. Appears on personal credit |
Drawbacks: Don’t offer high approval and funding. Higher interest rates. Low approval rate. Not for low credit score, There is a personal guarantee. |
Drawbacks: Credit window is a lot loose company to a line of credit. Shorter repayment term than bank loans. |
Drawbacks: Higher cost depending on credit qualifications, revenue and sales history required. |
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1 year tax return |
Typically no docs. Honor system. No income verification |
1-2 years business tax returns |
1 year tax return |
4 months bank statements. |
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4 months bank statements |
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4 months bank statements |
3-6 months business bank statements |
4 months credit card processing statements |
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4 months credit card processing statements. |
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P&L and BS |
4 months credit card processing statement |
1-2 yrs tax returns. |
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Proof of Ownership
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Proof of Ownership
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Year-to-date Financials (P&L and BS) |
Proof of Ownership
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