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What is Unsecured Credit and Who Issues These Lines of Credit? What If I Don't Have Good Credit? What is a Merchant Account Advance? Are There Any Plans For Partners? Can You Consolidate My Business Debt? Do I Need to Establish Emergency Funds? How Can I Use Unsecured Source to Expand My Business? How Can I Get Working Capital? I'm Starting A New Business. How Can You Help?
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Frequently Asked Questions Business credit cards are comparable to lines of credit. Besides high credit limits and limited check writing, they can offer faster approvals, and they are accepted anywhere VISA and MASTERCARD are. They can be used for all of your business purchasing needs. What is Unsecured Credit and Who Issues These Lines of Credit? Unsecured credit are lines of credit that are backed by a personal guarantee, but do not require traditional collateral (like a house, land, car, etc.). Think of credit cards in your wallet. They are a form of "Unsecured Credit". They are backed by a Personal Guarantee, and NOT Collateral. At Unsecured Source, we use approximately 400 difference sources for providing you with a line of credit. These sources include major institutional lenders, small banks, and vendor trade lines. Unsecured Source can help YOU to get an unsecured line of credit. The most important reason why you should have unsecured business lines of credit is to protect your assets and limit personal liability. Unsecured business lines of credit will give you access to funds to help you sustain your business when payables are slow. Unlike SBA Loans, these are Lines of Credit – NOT LOANS. Therefore, if you have no balance, you have no payment; you only make payments on what you use. When you have funds, it seems that more opportunities become available. In fact, you will start looking for them! What If I Don't Have Good Credit? It is not necessary to have good credit. However, since the lenders base their initial decision on the credit profile of one individual, you will need to find a business associate, friend or even family member who has good credit and believes in your business plans or idea. You can employ them as your CFO. and we can use their good credit profile to get you started. These Lines of Credit are personally guaranteed by your CFO and Must Be Paid Back. However, this program is designed to provide your CFO with the least amount of liability possible. How Business Credit Cards Are Different Than Personal Cards.Business credit cards are comparable to lines of credit. Besides high credit limits and limited check writing, business credit cards can offer faster approvals. They are accepted anywhere VISA and MASTERCARD are. They can be used for all of your business purchasing needs. What is a Merchant Account Advance? If you need a small business loan, and you lack an excellent credit score, but your business accepts credit cards as a form of payment, you can qualify for a business cash advance on your future credit card sales. This type of funding is also known as Receivables Factoring, allowing you to sell your future receivables at a discount and enabling you to use funding for new restaurant equipment, equipment in general, advertising, renovations, taxes, expansion and more. Click here to download a PDF with more information. For business professionals in relationships with other small business owners, we offer the Preferred Partner Program. You can earn big commissions for assisting your clients with obtaining financing they need. Simultaneously you will be extending your current offerings to your clients and watching your profit grow. If you would like to learn more about our preferred partner program, fill out our contact form and we will assign you a devoted, experienced representative to guide you through the process. High Interest Business Debt takes the fun out of owning your own business. Every month it keeps you concerned with your profit level being low, and prevents you from taking your business to the next level. Looming business debt becomes apparent that your next smart choice would be to consolidate your business debt into a more convenient line of credit with a lower interest rate, at terms you feel comfortable with. Unsecured Source can help you do this! Life is full of surprises, and if you expect the unexpected,
you will be ready for just about any unforeseen event. Life instances
come out of nowhere sometimes. It can seem that things are going to go
one way and suddenly they take another turn or go just the opposite.
It happens to all of us, so when it comes to emergencies: “Are you prepared?” How Unsecured Source Can Help to Grow and Expand Your Business. Chances are that you already have a successful business. As a result, you know it’s not easy to get there without dedication, hard work and some business wit. So after all of this, you’ve made it far, just not quite far enough. You have big visions of taking your business to the next level... raising your marketing budget, expanding with new locations, hiring more employees or raising your inventory. However, as you plan to grow and expand, you will need more cash flow to make this happen. Unsecured Source can help make this happen for you. Our top-of-the-line professional specialists in unsecured
business financing can help. Having an average of 12 yrs. experience
in small business loans, all our representatives are thoroughly prepared
to help you and provide you the answers you need to any question. Having your own business means you know how important cash flow is. Not having any capital can hinder the best of any successful business. Don’t take the chance on that happening to you. To be successful, you have to have the back up support and safety net to survive the temporary droughts and slow times that come along with any business. Having a strong source of working capital is a must in any successful business and the best source of working capital is an unsecured business line of credit. Unsecured Source can help you get that - and more - if need be! You will work with top of the line professionals in
unsecured business financing. With each of us having an average of 12
yrs. experience in small business loans, we are all prepared to help
you and give you the answers you need to any question. How Unsecured Source Helps New Businesses. Owning your own business is probably the quickest way
to financial freedom, and the success can be quite satisfying. However,
ask anyone who’s done it before, and you will find that you will need
a lot more money to get things started than you originally anticipated. You should prepare for a larger figure because many
unexpected expenses occur that you will not have accounted for. As a
result, if you are not prepared, your business you thought you were starting,
will not be starting at all. |
