Unsecured Loans

Loans typically fall under one of two different categories: secured or unsecured. A secured loan is backed by the borrower's assets, such as a home, car, or personal property. These types of assets are used as collateral in case the borrower fails to repay the loan. However, an unsecured loan differs in the sense that it is not backed by any assets and heavily relies on the borrower's overall creditworthiness. In most cases, borrowers must have a high credit rating in order to be approved for certain unsecured loans.

Types of Unsecured Loans:

• Credit cards
• Home improvement loans
• Small business loans

Do you need an unsecured loan? The Intrepid Private Capital Group is a leader in providing business funding solutions. We have access to a network of motivated funding sources who are eager to lend and can connect you with the private capital or business funding that you need.

Connecting our clients with billions of dollars of private capital resources, over the years, is not something that happened by chance. Let us put our hard work and extensive network of funding sources to work for you.

An unsecured loan is a loan that is issued and backed by a borrower's creditworthiness, rather than by any type of collateral. An unsecured loan is obtained without the use of property as collateral for the loan, and is sometimes referred to as a signature loan.

Unsecured loans can be either term or revolving. A revolving loan is a type of loan in which the credit "revolves," allowing the borrower to pay the principle down and then spend it again. In comparison, you cannot reuse the funds from a term loan once it has been paid down or paid off.

The single greatest benefit of an unsecured loan is the simple fact that you don't have to put up property or assets as collateral. Even if you have all intentions of paying back the loan, unforeseen complications may arise that prevent you from doing so. With an unsecured loan, you don't have to worry about the lender acquiring your property or assets.

Because there's a greater risk for the lender, unsecured loans typically come with a higher interest rate than secured loans.

For more information on obtaining an Unsecured Loan or any questions regarding our business funding process, feel free to Contact Us. To begin a funding application, simply follow the "Apply Now" link to get started. Let Intrepid Private Capital Group be your partner in making the right decisions and help you get the private funding that you need for your business or project.

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