Traditional banks can take weeks or months to approve a loan. When you need funding quickly, the slightly higher repayment amount on a No Collateral Business Loan is worth it.
You could be planning a renovation, have to meet payroll, who knows. Any number of different things could be facing you where you need funding as soon as possible. When a lender is offering a no collateral loan, they charge slightly more, take on a huge amount of risk knowing that if the borrower defaults, they lose the money. With these loans also, there typically is no recourse for the lender to go after the borrower for repayment.
Don’t let that discourage you. Sometimes a business needs a helping hand to get by. BD Funding will help. Our No Collateral Loan isn’t right for everyone, but to the right business it can mean everything.