Get an unsecured business loan of up $550,000 from Gokapital.
Unsecured Business Loans
Whether you’re looking to expand, purchase inventory, hire more employees, or refinance existing debt, our unsecured business loans can help your business grow.
Our program provides qualified borrowers with affordable terms similar to bank financing. Our unsecured loans are aimed at businesses that don’t want to risk their assets or don’t have any collateral to put up for the loan.
Got Questions? Give us a call at 1-866-257-2973
What is an Unsecured Business Loan?
An unsecured business loan is a funding solution that is issued and supported based only on the creditworthiness of the borrower and does not require any business or personal property or collateral to secure the loan. These types of loans require the borrower to show a good credit score, excellent financial history, and sufficient cash flow.
Gokapital offers three types of business loans; Small business term loans, Business Lines of Credit, and Merchant Cash advance.
When banks say no, we say yes!
How To Apply for an Unsecured Business Loan with GoKapital?
Fill the loan application form with basic details like your name, social security number, business tax identification number, business location, and any other essential information regarding your business.
Submit the documents that will be used to assess your business’s financial health as well as your identity. Some of the documents include your government-issued ID, and a statement showing your business’s credit card transactions.
After completing the loan request form and providing the necessary documentation, a loan specialist from GoKapital will approve the advance.
Getting approved for an MCA with us is easy.
Take a look at some of the features that our Unsecured Loan program has for you:
Loan Amount: $50,000 to $5,000,000
Terms: 1 to 5 Years
Interest Rate: Starting at 5.9%
Pre-payment Penalties: No Pre-payment Penalties
Time: Funding in 7 business days
Credit Score: 680+ (Experian)
Time in Business: 2 Years
Annual Gross Revenue: $250,000
Bankruptcies: Over 7 Years Ago
2 Years of Business Tax Returns
1 Year of Personal Tax Returns
6 months of Business bank statements
Profit & Loss and Balance Sheet (for requests over $150,000)
Pros and Cons of Unsecured Business Loans
- Fast approvals
- Fast funding
- No Collateral Required
- Minimal underwriting and due diligence
- Minimal documents required
- Nearly all credit-types acceptable
- We fund even with tax liens
- The entire process can be handled online
- The funds are wired directly into your business account
- Interest is not tax deductible
- May stress cash flow
- Short repayment terms