Unsecured business loan is commonly used by borrowers for start-up businesses, or even for small purchases such as computers, office or home improvements, or unexpected necessary expenses. It is a type of loan that is not collateralized by lien - the right to take a property if an obligation is not met or in the case of bankruptcy. It is a debt granted to borrowers that is supported only by the strength of the borrower's credit history, reputation, potential earnings, and other assets owned by the borrower.
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