As many small business owners have discovered, it has become much more difficult to get a Business loan from a bank these days and in order to get a loan, sometimes you have to give collateral. Oftentimes Banks and lenders will require owners to pledge collateral against a loan. However, this isn’t always a viable option for business owners, which is why an unsecured business loan may be the perfect solution to getting the working capital your growing Business needs.
Asset Trade Direct works with lenders and business owners to create an optimal relationship. We match you based on your business’s size, location, industry, age, and other key factors, allowing you to receive several times the amount of unsecured business loan you would get from your typical bank.
Our experts specialize in helping business owners obtain the financial resources needed in order to expand or develop their business. Small Businesses failure is due to lack of sufficient capital, which can be easily avoided by having the appropriate capital in place before the need for additional capital arises.
By allowing our clients to leverage our knowledgeable experts, we increase the value of their time, allowing them to concentrate on other pressing business matters such as increasing sales, hiring employees, outsourcing, advertising, and expanding operations.
What is an Unsecured Business Loan?
Unlike a small business loan from a bank, an unsecured business loan can be approved with no collateral, and without perfect credit. Plus, applying for an unsecured business loan requires far less paperwork than a traditional bank loan. The application takes just minutes to complete.
We help arrange short-term small business loans using the merchant’s cash flow as the main underwriting criteria.
- No upfront fees
- Quick approvals - Fast funding - Within days!
- Unsecured loans-no collateral required
- This is not a merchant cash advance
- Credit scores allowed down to 400
- Expert service and support
- Monthly gross business revenue $10,000+
- Minimum 3 months in business
- Operate a store-front or internet business in the U.S., Canada or Puerto Rico
- Have a personal credit score 400+
- Tax liens or even past bankruptcies in the last year will not disqualify approval
Pretty much all businesses except financial institutions and law firms.
- Amounts - $5,000 - $3,500,000
- Terms - 3 to 24 months
- Fixed interest rates
- Fixed payment – daily auto-payment from merchant’s business account
- No prepayment penalty-Early pre-payment bonus (to merchant)
Cost of Funds
This varies depending upon the merchant’s monthly gross sales, how long they have been in business and other factors.
A simple one page application is completed by the broker or merchant along with last 4 months of bank statements. In some cases other information may be required.
Our simple application only takes a couple of minutes to complete and typically 48 hours for an answer. If approved the funds will be wired into the client’s bank account in just a few days.
We work with a number of funding resources that specialize in small business lending that are able to deliver funds directly into the merchant’s account, in a matter of days, not weeks or months. Unlike traditional small business loans from banks, our loans do not require in-depth financials, tax returns, a solid credit history or even collateral.
We are interested in how the business is doing today and where the business projections will lead the merchant tomorrow.
Start Loan Process today