New York, NY (PRWEB) July 23, 2013 -- Unsecured Business Loans Financing.
Unsecured Business Loan Financing takes place when a borrower is unable to get a conventional or Assets Based Financing. Getting funded for an Unsecured Business Loan requires a minimal amount of due diligence and underwriting, and may happen as fast as within 24 hours.
Universal Business Structured Solution is proud to provide creative, out-of-the-box unsecured business financing for companies in the most of the industries. Companies that would not be able to get funded with other financing options, may utilize this option and start building their credit.
Traditional Banks and other Conventional Lenders may have significant problems with an Unsecured Business Loans Financing. These funding sources are usually limited by the internal credit granting philosophies and federal regulations. Private lenders are not subject to such restrictions. This gives private lenders the ability to finance thinly capitalized companies, startups, etc.
If the right collateral is in place, Private Capital Sources are able to secure a loan against Real Estate, Paintings, Wine Collection, Work of Art, Jewelry, Publically Traded Securities, etc., but when collateral is not sufficient, an Unsecured Business Loans Financing becomes a viable financing option with a very minimal underwriting requirements and fast processing.
Positive working capital is required to ensure that a company is able to successfully continue its operations and it has sufficient cash flow to satisfy short-term debt payments as well as upcoming operational expenses. The management of the working capital is very important for any business and involves managing inventories, accounts receivable and payable, and cash.
On the contrary to an Assets Based Loan that is collateralized by an asset or combination of assets, such as inventory, accounts receivable, purchase orders, machinery and equipment, an Unsecured Business Loan does not require any collateral, considered to be a more riskier loan because of this matter and therefore more expensive. An unsecured business loan sometimes is the only option for a business, based on a business' credit history, collateral available, etc.
In order to get approved for an unsecured business loan the minimum underwriting requirements would be:
1. Time in business: at least one year
2. Annual gross revenue: $100,000+
3. Average bank balance: $3,000+
4. Minimum owner's credit score: 500
UB Solution might be able to get an unsecured business loan approved within 24 hours for the amount up to $ 35,000. Loans are available up to $500,000.
An unsecured business loan can be used for:
• Purchasing inventory
• Facility expansion
• Hiring additional employees
• General working capital
• Launching a marketing campaign
• Renting, buying or leasing equipment
How To Get An Unsecured Business Loan
1. Find a funding source that offers unsecured business loans
2. Review lending requirements
3. Submit an application
4. Review and negotiate the terms and conditions of the loan, if possible
5. Sign the loan documents and set up a repayment schedule
Sometimes finding a funding source that provides an Unsecured Business Loan is not enough. This is why many clients use expertise of Universal Business Structured Solution that helps them in securing necessary financing.
UB Solution is equipped with specialized knowledge of the marketplace. By examining every aspect of our client’s business UB Solution is able to engineer affordable financing quickly and efficiently.
Feel free to contact Universal Business Structured Solution for more information regarding our services or for an initial consultation and evaluation:
Yury Iofe, Managing Partner, MBA
Universal Business Structured Solution
[email protected]
http://www.ubssolution.com
More educational resources:
http://ubssolution.com/education.htm
Yury Iofe, Universal Business Structured Solution, 888-778-1437, [email protected]
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