Loan without collateral? It is definitely possible.
Many entrepreneurs will eventually find that they need business funding. Collateral acts as a security pledged for the payment of a loan. In business, many entrepreneurs believe they need assets to secure funding. At Silver Rock Funding, we offer merchant cash advances for business owners who need a loan without collateral.
What is a merchant cash advance?
Merchant cash advances tend to be more appropriate for businesses with fewer assets. Many small businesses have limited assets, but have a steady cash flow. Assets serve as collateral for many funding options. When a business has a need for a loan without collateral, this is the perfect funding option.
The process is simple. Business owners receive funding, but repay the loan with their credit card receipts. Lenders take a fragment from the company’s income daily until the balance of the loan is repaid.
Why do you need a loan without collateral?
Merchant cash advances provide business owners with the unique opportunity where they do not have to compromise personal or business assets to receive a business loan. You can get a loan without collateral by accepting a merchant cash advance. These funding opportunities are available through alternative lenders. At Silver Rock Funding we work with dozens of them. Alternative lenders are private investors who aim to help small business owners.
How to get a loan without collateral?
Here at Silver Rock Funding, we work with hundreds of entrepreneurs every week. They rely on us to secure loans without collateral, asset-based funding solutions, and other loan options. Additionally, we receive lots of positive feedback. Many business owners praise our fast process. Our approvals happen within 24 hours. Other adore our quick deposits. Once you accept the funding option, money is usually deposited within 72 hours. Plus, we approve entrepreneurs with less than perfect credit scores. If your business is seeking a loan without collateral, get started now.