"Unsecured Business Loans Unsecured business loans can solve
your problem of financial crunch while starting a new business
or expanding an existing one. Many loan-promoting agencies like
anycredithistory arrange unsecured business loans without
mortgaging any security or collateral against business loan.
For example, you need money for purchasing new machinery that
can produce extra 40000 new units per month of the product that
you sell currently. But the unavailability of funds has forced
you to put your plan aside. In such situations, unsecured
business loan is a best bet to resume stagnated business
activity. We at anycredithistory arrange unsecured business loan
for you without securing anything.
Let us give you a brief overview of unsecured business loans
arranged by us.
Amount and Interest Rate: We arrange loan between the range of
$ 10,000 to $ 250,000 for your various businesses needs.
However, amount quoted by you for loan can be manipulated
according to various criterion like: * Time in Operation *
Nature of Operation * Annual Gross Sales and Income * Operation
and Personal Credit History and Past High Credit limit
The rate of interest charged on unsecured business loans vary
between 3% to 9.5 % for 2 years to 7 years. This rate of
interest can be different from lender to lender.
Conditions: It is imperative for borrower to have a good credit
base. The general conditions put by various lending agencies as
qualifier for good credit is: * You must have assets or annual
sales of $150,000 or more. * You should submit verified sales
record with the application form. * Your unit or any other
business activity should have a life span of more than 2 years.
* You have credit record in the market of more than 3 years or
more. * The next most important thing is that the amount of loan
should not exceed the permissible limit. You should not be a
defaulter of late payments and neither have any outstanding
bankruptcies, liens, collections, judgements, charge -off or
repossessions.
Procedure to file Application. You can fill application either
online or by post. You should do proper homework before
documenting the application. All the papers regarding your
credit credentials should be in order. Lender agencies consult
various reference agencies before taking any final decision on
your application, hence it is advisable to attach verification
certificates of two or three reference agencies.
If everything goes well, your luck and our efforts will get you
a loan within few days of filling the application. Goodluck!
Resources
* Information on personal bankruptcy This resource provides
information on rise personal bankruptcy.
* Information: Credit organisations to make unsecured business
loans This resource discusses the new rule that allows credit
unions to make unsecured business loans.
"
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