Unsecured Business
Term Loans
At Midwest Financial Partners, we offer unsecured business loans tailored to your unique needs. Our experts can guide you through the application process, helping you access the financing you need to propel your business forward. Whether you're a startup looking for initial capital or an established business seeking flexible funding, unsecured business loans could be the solution you've been searching for.
18%
Rate as low as
2-24 Month
Term
$5k - $1M
Amount
48 Hours
Time to fund
WHAT IS A UNSECURED BUSINESS LOAN?
Unsecured business loans are a versatile financing option designed to provide businesses with the capital they need without requiring collateral. Unlike secured loans that are backed by assets such as property or equipment, unsecured business loans are approved based on the borrower's creditworthiness, financial stability, and business plan.
These loans offer several advantages, including faster approval times and reduced risk for borrowers who may not have valuable assets to pledge as collateral. Unsecured business loans can be used for various purposes, such as working capital, expansion, inventory purchase, or covering unexpected expenses.
MINIMUM QUALIFICATIONS
- 500 minimum FICO credit score
- 3+ months in business
- $10,000 min. gross monthly sales
ADVANTAGES
- Low FICO requirements
- Fast approval and funds
- Funds a variety of business needs
WHAT YOU'll
NEED TO APPLY
- Business application
- Last 3 months of business bank statements
