Are Unsecured business loans good for a startup business?
2006-10-03 03:54:11 · 3 answers · asked by Key Key 2 in Business & Finance ➔ Small Business
Yes.
Unsecured business loan is a good choice if:
1)Your credit score is 680+
2)You have no late payments, charge-offs or Bankruptcies
3)You do not need a lot of money (under $50,000)
4)You do not have a lot of collateral
Sincerely,
Marina Lando
President
Business Loan Quest
http://www.blquest.biz
2006-10-03 04:12:15 · answer #1 · answered by Marina Lando at Harmony Life 2 · 0⤊ 0⤋
A loan that is issued and supported only by the borrower's creditworthiness, rather than by a type of collateral. An unsecured loan is one that is obtained without the use of property as collateral for the loan. So i think its a good choice if your credit score is 650 plus, if you have no late payments, if your charge-offs or Bankruptcies. you do not need a lot of money (under $50,000) and you do not have a lot of collateral.
2015-08-22 03:34:15 · answer #2 · answered by Farhan Rahman 1 · 0⤊ 0⤋
i'm sorry i don't understand a lot about Australia yet i'd contact a authorities economic progression place of work. in the U. S. both the federal and maximum state governments have classes.
2016-12-04 04:11:35 · answer #3 · answered by silender 4 · 0⤊ 0⤋