What are Business Loans without Security?

Have you ever heard of business loans without security? The answer is probably not. As the name eludes, Business loans without security are just unsecured funds. This type of loan does not require the business owner to collateralize their business. Though seemingly advantageous, these loans come with stricter qualifications because of their higher risks.

These loans are great for business owners lacking a down payment or business collateral. But chances are if you are a new business you are not going to be able to get this type of loan from a traditional lender. Considering the risks involved, traditional lender have stringent requirements for business loans without security. They will want to see proof of a perfect credit history. Not just spotless history but an established one at that. Most new small businesses lack an established line of credit. Separate from credit, they require you to have a positive history of business growth. You will need at least two years of business history to secure any type of bank loan. If you are a relatively new business, you most likely don’t have two years.

But we are here to tell you there is no need to worry! Alternatives to traditional business loans without security exist for these reasons. Below, we introduce a better option.

This option is a merchant cash advance.

A merchant cash advance is different than a traditional loan. At eBusiness, we are not regulated in the same way as a bank. Instead of loaning you money, we advance you cash. A merchant cash advance is a popular option that has risen in popularity since the lending crisis. As banks continue tightening their lending standards, our alternative lending method has become popularized.

How does a merchant cash advance work?

We have made our process for applying and receiving funding so simple. We hate complex application processes, which is why we’ve simplified ours.

Complete our short online form.
We will review your application within 24 hours.
If you are approved, you will hear from us with an offer within that 24 hour period. Our offer will include:
- The full amount we are willing to advance you.
- The fixed daily percentage we will take until the amount has been paid off.
Funds are deposited into your account immediately after you accept our offer.
Once you have the funding, you can start spending it the way you see fit. We aren’t going to ask for a list of how you plan to use the funds. We trust that you know what it will take to make your business successful.
Daily automatic deductions begin once funds are deposited. A daily percentage of your credit card sales are withdrawn until the full amount has been paid back.

Why choose a merchant cash advance?

Our customers love the speed and convenience of Merchant Cash Advances. Our automated process eliminates the worry of late fees. They also like it because of how quickly we can get them the funds they need. The fast process is great but real freedom comes from knowing that we won’t tell you how to spend this money. We trust that you know what is best for your business and would never micromanage your spending. Usually, there are stricter rules for how to use traditional business loans without security.