An Unsecured Business Line of Credit Is Ideal for Startups with no Collateral
Starting a business is an exciting adventure, but it’s not likely to turn out well if you don’t have sufficient working capital. Most startup businesses don’t have a very good chance of success unless they have a lot of monetary flexibility. Unfortunately, getting a traditional loan is nearly impossible for many startups due to lack of credit history and collateral. If you’re tired of being turned down for loans through traditional lending institutions, we can help. At Freeman Commercial Lending, we offer unsecured business lines of credit that do not require any collateral.
How Our Program Works
Our unsecured lines of credit require different qualifications than standard loans. Even if you don’t have collateral, you can still get an unsecured line of credit as long as you or at least one of your business partners has a qualifying credit profile. Our credit program details include:
- Highly competitive rates
- Up to $500,000 possible for qualified established businesses
- No collateral required with qualifying financials and credit score
- No subprime loans
New businesses commonly apply for our unsecured business lines of credit because they’re so much easier to receive than standard loans. We love helping startups succeed by providing them with alternatives to traditional bank loans.
If you’re looking for a loan that doesn’t require collateral, we want to hear from you. Give us a call and we’ll answer any questions you may have about our unsecured lines of credit.