Many business owners are unaware that there are easier types of financing to obtain than traditional loans. Unsecured business lines of credit, such as those offered by Prosper Lending, are intended to help businesses get the financing they need, even without collateral. Your overall business profitability and the health of your credit profile determine whether or not you’re approved, and how much you receive.
As with all our financial programs, our unsecured lines of credit are customized to the needs and qualifications of each business. If you own a startup, this type of credit line is ideal. It can help you establish the credit history you need without forcing you to come up with collateral. Many businesses qualify for unsecured credit lines between $25,000 and $50,000. The specific amount you receive depends on your credit record and revenue.
Unsecured credit lines are not just helpful for small businesses, they’re appropriate for larger businesses as well. Many established businesses end up receiving credit lines up to $500,000 or more. Your approval amount is dependent on your credit profile and our annual business revenue.
Pre-qualifying for unsecured business lines of credit is a great way to determine if this type of program is right for you. There is no obligation to apply, so feel free to get started today by using the form below or give us a call at 412-818-0083.