Unsecured Loans

Professional with contract and money Long Term Business Loans

If you need a short-term cash injection to meet a growth opportunity, fund a bill, meet a tax deadline, take advantage of a supplier bulk purchase discount or any manner of short term business need, an unsecured business loan could be the solution.

How does it work ?

Considerations

  • Unsecured typically means there isn’t a specific asset charged to the bank, however they will normally ask for a personal guarantee (PG), and this is not to be taken lightly. If you sign up to a PG it does mean that you are personally liable for the debt to the limit of the guarantee. If you are unable to settle a guarantee then in theory all your personal assets are at risk therefore this is probably not as “unsecured” a loan as you might have first thought!
  • Lenders might also require a debenture.
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