Our cash flow loans are unsecured, meaning that there is no asset that acts as collateral between the borrower and the lender. Unsecured loans can be instrumental in helping small or new businesses to grow. They’re often used to cover the cost of goods when a business needs to pay its suppliers before receiving payment from customers.
It can be difficult for businesses to get approved for unsecured loans as these loans are considered riskier than secured loans for banks and lenders. To compensate for the higher risk, unsecured loans can have higher interest rates for the borrower. When you work with Northwick Funding Solutions, we’ll compare the loans you’re eligible for to get you the loan the with the lowest interest rate available to you.