How To Secure An Unsecured SBA Loan Now
How to secure an unsecured SBA loan? Listen to Principal Broker, Harry Sidhu, as he shares the challenges and the ways that you can secure an unsecured SBA loan.
The Small Business Administration (SBA) permits unsecured SBA loans in very specific situations. Small business acquisition SBA loans are typically secured loans. Typically, business assets provide the collateral for the loan. The lender may require additional collateral such as the borrower’s personal residence or investment real estate. Here, Harry discusses exceptions that allow for unsecured SBA loans (apart from the business assets being acquired)
Harry reviews the elements of a securing an SBA loan. He further discusses what lenders want to see as they evaluate whether to allow an unsecured SBA loan.
Check out our companion Blog article: Expertly Increase Your Chances For An Unsecured SBA Loan Now
For more information regarding SBA loans, check out our SBA Loan Brokers hub.
For additional guidance on liquor store financing, check out our Liquor Store Financing hub.
For additional guidance on gas station financing, check out our Gas Station SBA Loans hub.