Finimpact

Conclusion

Unsecured business loans can help your company expand or cover unexpected expenses. However, they’re costlier than secured loans and can be more difficult to qualify for. Before you apply, make sure you have a plan for how you’ll use the funds and how you’ll pay the loan back.

About the Authors

TJ Porter

Written by: TJ Porter

Personal Finance Writer

I have in-depth experience in reviewing financial products such as savings accounts, credit cards, and brokerages, writing how-tos, and answering financial questions both simple and complicated.

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Kal Salem

Fact checked by: Kal Salem

CPA, PMP and Finance Consultant

A CPA and finance professional working with small businesses to educate owners and grow alongside their businesses. He holds a Masters in Accounting and a BS in Supply Chain Management. Owner at Salem CPA Services LLC.

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