Unsecured Business Loans

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Unsecured Business Loan
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Unsecured Business Loan

• When internal sources of finance are inadequate
  for business operations, small and medium
  businesses often go in for either secured or
  unsecured loans.
• Secured loans are also called asset-backed
  lending, issued usually against collaterals like
  inventory, unpaid invoices, equipment and real
  estate.
• In contrast, unsecured loans are given on the
  strength of creditworthiness of the borrower and
  there is no hypothecation or lien on the assets
  of the borrower.

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Unsecured Business Loan

• Cases When Secured Loans are the best
  solutions
• Where the financial need is long-term and is not
  intended to be repaid in the short run
• Where the business has strong investments in
  property/ equipment/ other collaterals that can
  be availed credit against
• Where your credit score is not very impressive
  enough for an unsecured loan
• Where you might need top-up loans
• Where your repayment instalments are not very
  high, meaning you need a long repayment period

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Unsecured Business Loan

• Cases When Unsecured Loans are more
  profitable
• Where you need immediate cash injection and
  cannot wait for the valuation process for
  collaterals to get over.
• Where there is no collateral at hand that can be
  pledged
• Where you do not wish to risk your personal
  assets
• If the loan is for short-term use and you have
  good monthly revenue for repayment
• Where you are not in need of huge amounts that
  may require collateral to obtain a loan

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Unsecured Business Loan

• Secured loans come with lower rates of interest
  and a longer repayment period when compared to
  unsecured loans. Lenders of secured loans are
  usually institutional and SMEs need not fear
  falling prey to unscrupulous loan sharks who
  torment borrowers with high rates of interest.

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Unsecured Business Loan

• Unsecured loans can be availed of even if you do
  not have any collaterals but can demonstrate an
  excellent trading position. Furthermore, unlike
  secured loans you do not have to approach
  regulated and traditional banks.
• There are thousands of online FinTech companies
  to the advantage of SMBs. In the unfortunate
  event of bankruptcy, courts may discharge your
  unsecured debts but not those that are secured.
• Moreover, in case of default, you do not have to
  worry about lenders selling away your hard-earned
  assets for lesser than worth market value, in a
  hurry to liquidate them.

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Unsecured Business Loan

• Address
• No. 86, New No. 74, 4th Floor
• 5th Avenue, V Block,
• Anna Nagar,
• chennai-600040

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Unsecured Business Loan

• Contact
• 6369664867
• G-Mail
• care_at_vserveloans.com
• info_at_vserveloans.com