How to Get a Small-Business Loan Without Collateral

Posted under: SMB
Date: 2024-10-22
How to Get a Small-Business Loan Without Collateral

These are the types of funding that don’t require traditional forms of collateral. When lenders don’t have traditional forms of collateral, they will look for other risk mitigants, like a personal guarantee or a Uniform Commercial Code lien. A personal guarantee gives lenders a legal right to your personal assets if you default on loan payments, while a UCC lien gives lenders generalized access to all or a portion of your business assets.

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