EASY FAQS
Easy FAQs – Unsecured Business Loans No Personal Guarantee Can Be Tailored to Your Business Needs
We have compiled a list of our FAQs about our unsecured business loan no personal guarantee programs?
Getting an unsecured business loan through Eagle Business Loans has the answers you need to help you better understand this popular alternative to small business loans.
Read our FAQs about unsecured business loans no personal guarantee and contact us if you need additional information.
How is Eagle Business Loans different from other lenders?
Unlike banks and lenders, we can deliver a decision in minutes.
We can also establish a line of credit that you can draw upon as you need it, so you are only paying interest on the money you use.
Is there a penalty for paying my loan off early?
We do not believe in punishing anyone for taking care of their obligations. In fact, we reward early payoff by discounting the remaining interest. Its a win-win!
How much do I qualify for?
How do I pay the money back?
How long does it take to get approved and funded?
We fund most new clients in the same business day.
Do I need to have good credit?
What if I need additional funding or want to renew?
That is why over 90% of our customers renew with us.
The general rule of thumb is that if a customer has performed as expected and has paid back approximately 50% of their balance they can easily apply for additional funding.
We can add a second loan at any time or you can restructure the first loan and take out additional funding.
What are the basic requirements to qualify for a unsecured working capital loan?
$6-8k monthly revenue (on average)
6 months in business with no credit card processing
3 months in business if business takes credit card processing
67% of ownership required
Max Negative Days: 7 days
What information is needed to apply?
Loan Application and 3 months of complete business bank AND 3 months of credit card transaction
OR
Loan Application and 6 months bank statements if the merchant does not accept credit cards.