The Benefit of an Unsecured Line of Credit

Many banks require businesses to put up collateral on their financing. This is a big risk to you as a business owner since you don’t know how your business will perform in the next couple of years (just look at 2020).

What happens when there’s no collateral is the bank takes the risk. Most banks have crazy hard requirements to qualify when there’s no collateral involved, but at Tier Funding, we have much more lenient requirements – we make it easy to get the line of credit you need.

We don’t want you to worry about losing your house or car because your business falls apart – that in itself is stressful enough. Instead, use the unsecured credit line to fill in your cash flow while you’re waiting for accounts receivable to come in or to cover an unexpected financial emergency.