Does Signature Small Business Loans Offer Unsecured Business Loans?

Signature Small Business Loans loans are secured by a general lien on business assets but are not dependent upon the value of specific assets, unlike traditional bank loans
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Many small business owners are interested in a loan or line of credit for their business, but don’t have enough specific collateral that a bank may require, such as real estate, inventory or other hard assets.
Banks generally underwrite loans based on the value of specific assets and take liens on those specific assets. In this way, the bank can significantly reduce its lending risk. This process can be difficult for business owners whose assets are not valued highly by a bank or whose assets are difficult to value or sell.

Why are Signature Small Business Loans loans different?

Signature Small Business Loans makes loan approvals to small businesses based on business fundamentals like cash flow, not based on the value of business assets. Signature Small Business Loans has a proprietary way of determining who it lends to – the Signature Small Business Loans Score® – which focuses on the overall health of your business. The existence of specific hard assets doesn’t factor in our analysis of business health. When a small business takes a term loan from Signature Small Business Loans, a general lien is placed on the business’s assets until the loan has been paid off (Signature Small Business Loans lines of credit are unsecured). The business owner is also required to give a personal guarantee for the loan, but there is no lien on the owner’s personal assets. In this way, business owners can get funding from $5,000 – $250,000 in as fast as one business day without needing a specific amount of real estate, inventory or other hard assets and without needing to have their specific assets appraised and valued.
So if you’re a business owner that has a strong business but you’re not sure about the value of your specific assets or collateral, consider applying with Signature Small Business Loans and you could get a decision for your business in minutes.

Compare Loan Requirements

Bank Loans

Signature Business Loans

Most Banks

Underwritten using specific collateral (i.e., hard assets, real estate); lien on those specific assets + personal guarantee
Doesn’t always require assets for underwriting; general lien on business assets + unsecured personal guarantee
Equipment as collateral + personal guarantee