Unsecured Business Loans

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If you do not want to risk any assets as collateral on a loan, an Unsecured Business Loan is the perfect option for you. Apply today through our online application form to get approved within 24 hours.

What Are Unsecured Business Loans?

Whether you are looking to purchase inventory, hire more employees, or refinance existing debt, an Unsecured Business Loan might be the right financing option for you. These loans are designed for businesses that don’t want to risk their assets or don’t have any assets to use as collateral.

An Unsecured Business Loan is a funding solution that is issued based on your personal creditworthiness and does not require collateral. To qualify, you need to show a good credit score, excellent financial history, and sufficient cash flow.

With an Unsecured Business Loan, you can access up to $1,000,000 through Opportunity Business Loans. We offer convenient loans that boast flexible terms, low payments, and fast funding. Our financing programs are better than traditional bank loans because we require minimal paperwork and approve much quicker.

Secured vs. Unsecured Business Loans

The biggest difference between secured and unsecured business loans is that an unsecured loan does not require any form of security. With a secured loan, you might be required to use collateral to secure the loan. This could include property, land, equipment, bank accounts, and more.

If you default on your payments, the lender could seize these assets. An unsecured loan prevents this from happening but also is much harder to qualify for. If you are unsure which option is best for your business, give us a call today.

Additionally, unsecured loans come with a much quicker application and funding process. This loan involves simpler legal processes and does not need to wait for assets valuations. This expedites the funding process to get you the capital you need as fast as possible.


  • Fast Funding
  • No Collateral Needed
  • No Business Plan Required
  • Many Industry Types Qualify
  • 100% Online Process
  • Funds Wired Directly To Your Business Account
  • Flexible Loan Terms
  • Same-Day Approvals

Top Industries

  • Healthcare
  • Hotels & Motels
  • Machine Shops
  • Restaurants
  • Agriculture/Farming
  • Convenience Stores
  • Gas Stations
  • Manufacturing

Types of Unsecured Business Loans

Opportunity Business Loans offers a variety of Unsecured financing options for small and mid-sized businesses. If you don't know which option fits your business best, give us a call today. Our team of financial advisors would love to assist you in securing the loan that makes the most sense for your individual wants and needs.

Merchant Cash Advance

One of the most popular unsecured financing options is a Merchant Cash Advance. This offers quick access to capital with a single sum of cash for a percentage of your business’ forecasted sales.

This loan pays you an upfront amount, then you repay the advance with a portion of your future credit and debit card sales. Since you are using your future sales as leverage, you do not need to use collateral to secure the loan.

  • Approval Amount: $20,000 – $1,000,000
  • Term Length: 3 – 18 Months
  • Minimum Credit Score: None
  • Monthly Revenue: $20,000 avg. 
  • Time in Business: 4 Months
  • Cost of Capital: 1.20 – 1.49 Factor Rate
  • Time to Approval: 24 Hours

Learn more about Merchant Cash Advances ▶


Unsecured Term Loans

An Unsecured Business Term Loan offers a lump sum of working capital through a loan that is paid back over a set amount of time with an agreed-upon payment schedule. This is the most popular unsecured financing option but is also harder to qualify for. 

Since there is no collateral to secure the loan, you will have to prove that you can make your loan payments on time. This is proven through a high personal credit score, excellent financial history, and sufficient cash flow.

If you or your business doesn’t have all of these factors, it might be difficult to obtain an unsecured business term loan. 

  • Approval Amount: $20,000 – $500,000
  • Term Length: 1 – 5 Years
  • Minimum Credit Score: 700 
  • Annual Revenue: $35,000
  • Time in Business: Not Required
  • Cost of Capital: 6% – 18%
  • Time to Approval: 24 Hours
  • Time to Fund: 1 – 2 Weeks

Unsecured Business Line of Credit

An Unsecured Business Line of Credit works similar to a credit card limit, in that there is not maximum limit you can borrow. Additionally, you will only be charged interest on the amount of money you borrow. 

This financing option gives your business a lot more financial flexibility. It offers additional capital for whenever you need it. This of a Line of Credit as a financial safety net. It is always there to help cover unexpected expenses. 

  • Approval Amount: $20,000 – $250,000
  • Term Length: 6 – 12 Months
  • Minimum Credit Score: 630
  • Monthly Revenue: $20,000 avg.
  • Time in Business: 1 Year
  • Cost of Capital: 6% – 18%
  • Time to Approval: 24 Hours
  • Time to Fund: 1 – 2 Days

Learn more about Unsecured Business LOCs ▶

How To Get The Most Out Of Your Unsecured Loan

Follow these tips and advice to ensure you get the most out of your Unsecured Business Loan.

Business Plan
Crafting a detailed business plan can help increase your chances of being approved for an unsecured business loan. Opportunity Business Loans will look at the strengths and weaknesses of your business to ensure you can pay the loan back. Although not required, a strong business plan can increase the amount of unsecured funding your business is eligible for.
Personal Finances
One key factor that we look at when approving a business for an unsecured loan is the business' owner. Ensure that you have all of your personal finances in order, as this can come into play when being considered for an unsecured loan. If you have an excellent financial history, you have a higher chance of approval.
Plan Your Budget
As previously stated, there are different types of unsecured loans. The duration and type of loan should match the loan's purpose. Plan and budget how you will be using your new funding. This will help you determine which option fits your business needs the best. An unsecured business loan is most commonly used to cover short-term expenses, such as payroll.
Credit Score
While you could qualify for an unsecured loan with a low credit score, you will have access to high loan amounts and more affordable options with good credit. Check and improve your personal and business credit scores before applying for an unsecured loan. If you want to build your business' credit score, look into getting a Merchant Cash Advance with us.

Advantages of Unsecured Business Loans

Every Financing Program through Opportunity Business Loans comes with a variety of benefits that will help your business grow by boosting profits, increasing market share, and acquiring more customers. When you are approved for an Unsecured Business Loan, you will enjoy all of the following benefits.

No Collateral
With an unsecured business loan, you do not need to put up any assets as collateral to secure the loan. Since assets are not required, they offer a highly accessible source of funding for business owners.
Quick and Easy
With minimal underwriting required, you could apply, get approved, and receive your funding in under 24 hours. This will help you achieve your goals and overcome any short-term cash gaps.
Flexible Use
As long as it helps your business, you can use your unsecured loan proceeds in any way you choose. Whether you're investing in new equipment or expanding your product range, we've got you covered.
Personal Advising
When you partner with Opportunity Business Loans, you will have 24-hour access to a team of personal financial advisors that can help answer any questions or concerns you might have.
Low Payments
Our loans come with low interest rates and flexible loan terms to ensure you are as comfortable with your loan payments as possible.
Customized Lending
We have a team of industry-specific lenders who will tailor a loan specific to your business and industry. This ensures you get a loan that makes the most sense for your individual wants and needs.

Get Business Financing Today

In just 3 easy steps, you can explore your financing options.

Step 1: Just one simple application

Start by filling out our fast application where you can tell us about you and your business. With just one simple application, you'll have access to over a hundred different lenders.

Step 2: Match with the best lender

After submitting your application, our advisors will evaluate your business profile and match you with lenders who can offer the best financing for your business.

Step 3: Select and receive the best financing

Review all your different financing opportunities with an advisor at hand. With so many opportunities at your door, you’ll find the best one to meet all your business needs.

We’ll Bring You The Right Opportunity.

We work with only the best lenders to give you a variety of options to choose from. Compare different rates from just one site. Let Opportunity knock on your door!
Apply Now

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