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Unsecured loans are loans that require no collateral and are instead solely based on the borrower's credit rating. Sometimes known as signature loans, loans of this kind are available for business and personal use.
Unsecured loans can be attained from banks, creditors and other financial institutions across the country. Personal loans of this nature don't require collateral, home ownership or even above average credit. These types of loans are known as signature loans because they merely require a signature on an activation letter. Loans of this nature may be used for a number of personal reasons such as purchasing a car, consolidating debt or home improvements.
Unsecured business loans are similar to unsecured personal loans except that they are intended for qualified small businesses. These types of loans are approved or denied based on a business' credit rating and financial history. These loans are ideal for small businesses that don't have the equity in assets that many large companies do. Whether you're looking for unsecured business loans or signature loans for personal reasons, you'll find a number of good options available. Business.com is a trusted resource that makes exploring your options easier. Visit the links on the left to learn more.
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