EASY FAQS

Easy FAQs – Unsecured Business Loans No Personal Guarantee Can Be Tailored to Your Business Needs

FAQs
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?
Eagle Business Loans is faster than a bank, and more flexible than any other working capital lender.

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?
No! EBL does not penalize you for early payoff. If you only need the working capital for 30 days, you won’t be responsible for paying all the interest for the entire term of the loan.

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?
Decisions are based on the analysis of your bank statements. We will make sure to give you multiple options and advice for what suits your business best.
How do I pay the money back?
We collect payments electronically from your business bank account daily or weekly depending on the program. Daily, weekly or bi-monthly payments are proven to prevent the negative effect on cash flow caused by larger monthly payments.
How long does it take to get approved and funded?
We issue approvals within minutes of your submission.

We fund most new clients in the same business day.

Do I need to have good credit?
In these times, we know that many good, hardworking people can have bad credit. We evaluate every application on its merits. We listen to your story and see how we might help you and your business succeed.
What if I need additional funding or want to renew?
Most of our customers recognize the value of having working capital available when they need it.

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?
To qualify for a loan, your business should be US based,

$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?
All we will need is the

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.

What is the application process?
Applying for a working capital loan is simple and typically only takes a few minutes.

Go to APPLY NOW and submit the required paperwork to EBL.