An unsecured loan is a loan that doesn't require any type of collateral. Instead of relying on a borrower's assets as security, lenders approve unsecured loans based on a borrower's creditworthiness. Examples of unsecured loans include personal loans, student loans, and credit cards.
Sure, this type of loan does not require any collateral, meaning you won't have to risk your personal or business assets to secure the loan. Some unsecured business loans come with high costs and large payments, but that's not the case with us.
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