PrimeRates provides access to personalized business loan offers through our simple and quick pre-qualification application. Once you’re pre-qualified, you can select the best offer for you and finalize the business loan application with the lender.
1
Our simple application takes less than 5-7 minutes to complete.
2
Choose the offer that best fits your needs by comparing loan amounts and terms.
3
Finalize your loan offer with the lender you selected to receive your funds.
Unsecured business loans are the most common way today’s entrepreneurs gain access to funds they temporarily need to make ends meet. These loans are often affordable and easy to apply for, and many business owners can qualify for them almost instantly. Yet if you’re unfamiliar with the no collateral business loans, you might not understand how they work. This guide will bring you up to speed regarding what you need to know.
Unsecured loans are financial arrangements that aren’t backed by any kind of collateral. This type of loan gives a small business owner the ability to access funds based on their individual reputation as a borrower, rather than on the value of their personal property. In general, unsecured loans tend to be moderately more expensive than traditional secured business loans, but the funds could arrive in your account as quickly as the same day.
While lenders of unsecured loans don’t ask for any up-front collateral in exchange for funds, they can require borrowers to agree to what’s known as a personal guarantee. But exactly what does that phrase mean in this context?
When a lender requires a personal guarantee, that means they reserve the right to seize your personal assets if your business defaults on the loan. It’s important to read the fine print on any agreement involving a personal guarantee because if your business enters bankruptcy, you could lose a lot more than you bargained for.
Although fast, unsecured business loans can be the perfect solution for some entrepreneurs, there are potential downsides to this arrangement as well. To help you gain a more well-rounded perspective, here’s a quick look at some of the most significant pros and cons of unsecured loans.
Here’s a look at three popular lenders that issue unsecured business loans without asking for personal guarantees.
| Lender | Loan Amounts: | Interest Rates: | Repayment Terms: |
 |
$2,000 – $250,000 | 24% – 99% | 6, 12, or 18 months |
 |
$1,000 – $100,000 | 10.1% – 79.8% | 12 – 24 weeks |
 |
$2,000 – $250,000 | 9% – 40% | 3 – 36 months |
| Click to compare estimated rates on PrimeRates. Compare Rates | |||
If you’re prepared to face the consequences that come along with agreeing to a personal guarantee, here are three lenders that may approve you for an unsecured business loan.
| Lender | Loan Amounts: | Interest Rates: | Repayment Terms: |
 |
Up to $100,000 | 11% – 60.8% | Weekly for 6 months |
 |
$5,000 – $300,000 | 9.8% – 35.7% | 1 – 5 years |
 |
$6,000 – $150,000 | 16% – 62% | 6 or – 12 months |
| Click to compare estimated rates on PrimeRates. Compare Rates | |||
Applying for a business loan without any collateral is usually a relatively painless process. Simply visit the website of the lender that appeals to you most, and fill out the form with all of the requested information. (It usually helps if you gather your business’s financial data ahead of time.) Depending on the lender and your individual credit history, you could receive a decision in as soon as a few minutes.
Among the many types of small business loans, unsecured arrangements are the best way to go for most entrepreneurs. There are even many unsecured business loans for bad credit applicants, so even if you don’t have great credit, you could still get approved by at least one lender. Ready to begin evaluating your options? Start by exploring the aforementioned lenders now.
Getting pre-approved for an auto loan before you visit the dealership is one of the smartest moves you can make as a car buyer. Pre-approval
Personal loans are one of the most flexible ways to borrow money. You can use the funds for debt consolidation, home repairs, medical bills, or
Finding the right credit card can save you hundreds of dollars a year in fees and earn you cash back, points, or travel miles on
Compare the best debt consolidation loans of 2026. Find low rates, learn how consolidation works, and get tips for paying off credit card debt faster.
If you want to buy a new car, used vehicle, truck, or motorcycle, the auto loan rates you get can save or cost you thousands.
If you are carrying balances on multiple credit cards or loans, keeping track of due dates, interest rates, and minimum payments can feel overwhelming. Debt