The nature of an unsecured business loan is a short-term loan. At Sure Capital, we have partnerships with over 50 lenders that offer credit from 3 months up to 36 months. Depending on the interest rate, usually, our clients take a loan for 12-18 months on average.
Unfortunately, many business owners in Australia cannot or do not want to provide any collateral when applying for a loan. Unsecured business loans are popular because if for any reasons, the debt cannot be repaid, the financial institution is unable to claim any of the business’s assets. We recommend using an unsecured business loan when the business has an opportunity to expand its activity or to purchase stock, machinery or equipment than can increase the profitability of the business.
(Totally free process – ask about our pre-approvals with no credit checks)
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