Business loan can be secured or unsecured.

Unsecured business loans do not require security. Instead, lenders rely on the borrower’s creditworthiness, financial history, and business performance to determine eligibility and terms.  The business lending includes several types:

• Buying a business
• Small business funding
• Invoice finance
• Business Lines of Credit (Revolving lines)
• Term Loans

Due to the nature of unsecure business loans, loan amounts and terms are usually up to $500,000 and five years respectively (Conditions and terms apply by lenders.).