Get Company Up with Unsecured Business Loan
Most people don’t have what it takes to become a successful entrepreneur, which is why the vast majority of businesses fail within their first year. However, in many situations, companies go under because they can’t access the required funding to invest in their businesses. Unfortunately, it’s not easy for small companies and start-ups to secure the funding they need to grow their businesses, and you might not want to risk your prized possessions just to secure a cash injection.
Because small companies have zero to few assets, it’s often not possible to ask a lender for a secured loan. However, when you’re just starting out, you might not want to secure a loan against your home or valuable assets anyway. Fortunately, if you have a relatively good credit rating, you may be able to obtain an unsecured loan, which means you don’t need to put anything on the line to get the cash you need.
At Max Funding, we understand the challenges that start-ups face when trying to get their business off the ground, but we can help you secure the funding you need without having to risk losing any collateral should you be unable to meet repayments. We offer low interest rates, fast approvals, loans between $1,000 and $250,000, and much more, which is why so many new companies turn to us when they need help securing funding.
What Are Unsecured Business Loans?
With unsecured business loans, you can borrow money without having to secure it against your assets, so if you can’t meet repayments, you won’t lose your house, car or company possessions. Naturally, it’s riskier for lenders to offer unsecured loans than the secured alternative, which means you need a relatively high credit score to obtain one.
If you have a fantastic credit rating, you can obtain a loan with an interest rate as little as 1.80%, and the benefits don’t stop there.
- Secure up to $250,000
- Get approved in under five minutes
- Don’t risk losing your assets
- Low interest rates for company owners with high credit scores
- Flexible repayment plans
- Loan terms between one and 12 months
Not everybody is eligible for an unsecured business loan, but it only takes a few minutes to find out whether that applies to you. However, first, you need to know where to look and how to apply.
How Can I Get an Unsecured Business Loan?
You could attempt to visit all the banks on your local high street in Australia to obtain an unsecured business loan, but be prepared to wait weeks for approval thanks to their strict screening protocols. Plus, banks often offer high interest rates to minimise their risk and maximise their profits, but you don’t need to turn to the banks at all if you place your trust in Max Funding.
Business owners turn to us because our application process is much simpler than any banks, often taking just a few mouse clicks to complete. We can approve your application in as little as five minutes, have the money in your bank within a few days, and provide funding for up to $250,000 to help you take your company to the next level. Contact us today for more information.