About Unseured business Loan
An unsecured business loan is where instead of lending against an asset, a lender will grant а loan based on the financial health of a business and solid risk analysis that looks into a broad range of financial data.
Unsecured loans are available from a variety of different lenders, including traditional and alternative providers. Due to the nature of the loan, they could be set up much faster than medium or long-term loans. However, this might vary depending on the lender or complexity of the case.
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Features and Benefits of Loan
Unsecured loans are an important part of the financing mix and are used by businesses to grow or pursue opportunities. With quick application processes and fast turnarounds, many lenders offer attractive solutions. Reasons you might seek an unsecured loan include:
Speed
As asset valuations are not necessary, the application, as well as the loan approval process, is often considerably faster than the process for an asset-based loan
No collateral
This is the largest advantage, as many businesses have already provided collateral for a secured loan. Unsecured loans without collateral therefore often work well as a top-up in a business’ overall finance mix.
Enjoy the best rates
loan rates are very fair and attractive,As low as 2-5%
Straight-forward application process
Unsecured loans do not need assets to be itemised and evaluated and therefore the application is more straight-forward and can to a larger extent be done online.
Eligibility Criteria for Loan
Any self-employed or professional Public and Privat companies, Government sector employees, Private sector employees is eligible for an unsecured business loan.
Age
Maximum age of applicant : 65 years
Income
Minimum Net Monthly Income: $ 40,000
Credit Rating
Applicant should have the specified credit score of 300 or higher
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Documentation
The following documents are required along with your unsecured business Loan application:
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Personal Identity proof (copy of passport/driving license)
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Home Address proof (Utility Bills)
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Proof of flow of funds(Business Bank statement of previous 3 months)
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Business information such as company number, name and registered or trading address
- Business Plan
- Business transaction files
- Annual accounts
Fees and charges
Applying is free and it won't impact your credit.
Below are fees and charges that you may be required to pay:
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Types of fees
Charges applicable
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Interest rate
Up to 2% -4%
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Loan statement charges
NA
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Interest & principle statement charges
NA
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EMI bounce charges
$100 for every bounce
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Security Interest Fee
Contact our loan specialist:
Call us at
662-254-4495
support@aclloans.com
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*Service Tax and other Government taxes, levies etc. applicable as per prevailing rate will be charged over and above the Fees and Charges
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Frequently Asked Questions
We are almost ready with your Frequently Asked Questions. Already we answered all question please check below.
Anytime Cash loan llc(ACL) is the provider of business and personal financing in the USA, UK, CANADA, mainland Europe and Australia. We use a simple online application to determine the financial health of your business and let you know how much finance you can access. This allows us to approve unsecured loans to qualifying firms. ACL lends from its own balance-sheet.
ACL uses unique credit technology to form a deep understanding of the financial condition of a business and lends from its own balance-sheet. This approach enables us to make quick, sound decisions.
We provide our customers and partners with a quality service because:
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We listen to our customers' stories and understand their challenges.
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We are real people who take the time to build relationships.
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We have a wealth of financial knowledge and experience within our team.
A business(borrower) must first submit an application to us, which will include information of their current business and finances. We will then evaluate the application to check the financial stability of the business and the risk of lending. If approved, the business will get access to the funds, nowadays often via a personalised online dashboard. The business will pay back the amount given over a set period, in addition to the ACL’s charges and interest.
To apply for a unsecured business loan, you must generally be based in the USA ,CANADA or AUSTRALIA and run an established and profitable business. At ACL we require a business to be operational for at least two years and with a minimum turnover of $300k..
Unsecured business loan are typically used by businesses that have an existing loan for which personal collateral has already been provided. It can also be favoured by directors who do not want to risk their own personal assets, and by businesses that need funds for short tenor.
No, you are not charged any extra fees when you repay early. We don’t penalise you for early settlement.
ACL abides by the Data Protection Act 2018 (‘Data Protection Act’) and all other relevant USA and European data protection and privacy laws.
All data electronically transferred between you and ACL is encrypted, using one of the strongest forms of encryption available commercially. We are committed to keeping your data safe.
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Fulfil your dreams to lead the life you want, the way you want with our unsecured business loan! Download loan forms now!
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