Unsecured business loans don’t require collateral. These loans are a great option for startups or other businesses that need capital but don’t have significant physical assets to use as collateral.

A secured business loan puts more risk on the borrower; an unsecured loan more risk on the lender. If you don’t meet a lender’s requirements, you might not qualify for an unsecured loan Written By ...

Loans fall into one of two categories: secured or unsecured. A secured loan is used to purchase assets like a house or car that the lender can take if you default on your loan. Unsecured loans are not ...