What is unsecured business loans?
An unsecured business loan requires no specific collateral. Instead of pledging real estate, equipment, or inventory, you qualify based on your business revenue, time in business, and credit profile. If something goes wrong, your assets are not automatically at risk.
Unsecured loans fund faster than secured loans because there is no appraisal or lien filing. The trade-off is slightly higher rates and smaller amounts relative to secured options.
HL Hunt Funding offers unsecured term loans, lines of credit, and revenue-based financing from $5,000 to $500,000. Most programs require only a personal guarantee, not a lien on specific property.
How unsecured business loans works
- 1Pre-qualify
Two minutes, no credit inquiry.
- 2Revenue verification
Three to six months of bank statements.
- 3Choose a structure
Term loan, line of credit, or revenue-based.
- 4Fund
24–72 hours.
Best for
- Service businesses without hard assets
- Owners who do not want to pledge property
- Fast working capital
- Businesses with existing liens on assets
Pros and cons
Advantages
- No collateral required
- Faster closing
- Assets remain available for other financing
- Multiple structures available
Considerations
- Higher rates than secured loans
- Personal guarantee usually required
- Lower maximum amounts
Requirements to qualify
- 3+ months in business
- $10,000+ monthly revenue
- 550+ FICO
Requirements vary by funder. The fastest way to know exactly where you stand is to pre-qualify in two minutes — it is free and there is no credit inquiry.