In addition, an unsecured business loan doesn't require collateral such as property, cash savings, or personal assets, meaning your risk factor is greatly reduced. (earthandmoney.ca)
Being a service that requires no collateral as a basis for approval, this also reduces the time to approve the requested amount. (nation21loans.com)
They can not be used to buy a house, as loans arranged as mortgages require collateral for security. (simplethriftyliving.com)