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2. Documents you’ll need to apply for an unsecured business loan

   www.aol.com/finance/documents-ll-apply-unsecured...

   Apply: Submit your application for the chosen unsecured loan along with any required documentation. Approval : Await the lender’s decision, which can take a minimum of one day to several weeks.

3. What is an unsecured business loan and how does it work? - AOL

   www.aol.com/finance/unsecured-business-loan-does...

   Who qualifies for an unsecured loan? To qualify for an unsecured term loan or line of credit, your company will need to have solid revenue and good credit. You may also have to provide a personal ...

4. What is an unsecured loan? - AOL

   www.aol.com/finance/unsecured-loan-204331407.html

   There are various unsecured loans, including personal loans, student loans, and credit cards. When determining eligibility for an unsecured loan, lenders will consider factors such as credit ...

5. Unsecured debt - Wikipedia

   en.wikipedia.org/wiki/Unsecured_debt

   Unsecured debts are sometimes called signature debt or personal loans. [2] These differ from secured debt such as a mortgage , which is backed by a piece of real estate. In the event of the bankruptcy of the borrower, the unsecured creditors have a general claim on the assets of the borrower after the specific pledged assets have been assigned ...

6. Nonrecourse debt - Wikipedia

   en.wikipedia.org/wiki/Nonrecourse_debt

   Recourse debt or recourse loan is a debt that is backed by both collateral from the debtor, and by personal liability of the debtor. [2] This type of debt allows the lender to collect from the debtor and the debtor's assets in the case of default, in addition to foreclosing on a particular property or asset as with a home loan or auto loan.

7. Collateral (finance) - Wikipedia

   en.wikipedia.org/wiki/Collateral_(finance)

   For example, the Annual Percentage Rate (APR) on an unsecured loan is often much higher than on a secured loan or logbook loan. If a borrower defaults on a loan (due to insolvency or another event), that borrower loses the property pledged as collateral, with the lender then becoming the owner of the property.

8. How to get an unsecured business loan - AOL

   www.aol.com/finance/unsecured-business-loan...

   1. Make sure an unsecured loan is the best fit. The purpose of your loan can help you decide if a secured or unsecured business loan is the best fit. For example, if you’re purchasing equipment ...

9. Loan - Wikipedia

   en.wikipedia.org/wiki/Loan

   The monthly payments of personal loans can be decreased by selecting longer payment terms, but overall interest paid increases as well. [5] A personal loan can be obtained from banks, alternative (non-bank) lenders, online loan providers and private lenders.