Unsecured Loans
We offer unsecured funding for small business owners. Personal term loans and business credit cards with no industry restrictions on the use of funds.
Unsecured -Personal Term Loan
Cash Option
- ◆Funding $20k - $300k
- ◆Interest rates 7-20%
- ◆Unsecured, No PPP
- ◆3-7 year term
- ◆7-14 business days to fund
- ◆Fully amortized
Criteria
- ◆680+ FICO score
- ◆Soft credit pull
- ◆2 years personal tax returns showing at least $40k AGI
- ◆DTI under 40%
DTI Formula: Total monthly payments on credit report × 3 × 12 = minimum income needed. Example: $1,500 × 3 = $4,500 × 12 = $54,000 total income needed.
Unsecured -Business Credit Card
Credit Card Options
- ◆Funding up to $150k
- ◆0% interest, 6-18 months
- ◆Reports to Business Credit
- ◆Revolving Line (stays open)
Criteria
- ◆720+ FICO score
- ◆Business registered with the state in good standing
- ◆Revolving utilization under 30%
Revolving DTI Formula: Total credit limits × 0.30 = max balance target. Example: $50,000 × 0.30 = $15,000 (stay under this to be under 30% utilization).
Ideal for clients who don't have collateral, don't want to utilize it, don't meet SBA requirements, and don't want merchant cash advances.