Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Running a business may be expensive, and it can be challenging to find financing that covers the cost of operation and expansion. In addition to traditional business loans, eligible business owners can address ongoing cash-flow needs with unsecured business lines of credit. These let business owners access cash as needed without having to pledge valuable assets. However, this financing tool doesn’t make sense for every company, and it’s essential to choose a lender that best fits the business’s financial situation. Featured Partner Offers What Is an Unsecured Business Line of Credit? An unsecured business line of credit is a revolving loan that business owners can use to finance the growth, expansion or day-to-day operations of a small business. This type of financing provides access to cash up to an approved credit limit and can help cover unforeseen costs or provide working capital until more permanent funding becomes available. Because it does not require collateral, it can be an attractive option for newer businesses without sufficient assets to pledge as collateral. How Do Unsecured Business Lines of Credit Work? […]
Should You Get An Unsecured Business Line Of Credit?
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