Some types of no-collateral small-business financing may be more difficult to qualify for than others. With an SBA 7(a) loan, for instance, you must meet the SBA’s definition of an eligible small business and have the minimum credit score and revenues SBA lenders look for. ...
This loan is unsecured, which means you don’t need to provide any security collateral. This is good for companies as there will be no issue about liquidity since your assets are not tied down as collateral. Standard Chartered will however require a personal guarantee from the key stakeholders...
Loan type:Student loans are unsecured, which means they aren’t backed by collateral. Many personal loans are also unsecured, but some are secured and require collateral to secure funding. Eligibility criteria:You’ll typically need good orexcellent creditand a steady source of income to qualify ...
When was the last time you needed a little extra money? If you are like most Americans, you might need a little extra cash from time to time, which is why loan companies are so helpful. About a year ago I realized that I needed to focus on getting some m
A divorce loan is an informal name for a personal loan that's used to pay for adivorce. These loans are ideal for divorce expenses since they're typicallyunsecured(i.e., they have no collateral requirement) and since they provide alump sumof cash that the borrower can spend however they...
Collateral loans (sometimes called pawn shop loans) are where a pawn shop accepts an item of value as collateral or security for a short-term loan. You are essentially borrowing against your personal property. With a collateral loan, you can get approved for a large amount without a cosigner...
Discover the basics of getting a business loan and how obtaining the right loan can help your business achieve its financial goals.
Using your home as collateral carries substantial risk, so it's worth the time to weigh the pros and cons of a home equity loan. Pros: Fixed rates provide predictable payments, which makes budgeting easier. You may get a lower interest rate than with a personal loan or credit card. If ...
As a business owner, you may not be considered for a loan if your personal credit score is way below a certain benchmark which could be as high as 680. Not having enough collateral If you must get a business loan you need collateral. It is possible that your collateral is not ...
WeLend Personal Loan 2.79% N/A DBS Personal Instalment Loan 1.8% HK$2,000,000 or 20x monthly salary (whichever is lower) Compare more Personal Loans inMoneySmart! FAQ Are SME loans secured or unsecured? It is unsecured loans i.e. no tangible assets as collateral required. ...