Unsecured business loans
Business loans can either be secured or unsecured. A secured loan is a loan that is guaranteed by an asset, such as a property or a car. On the other hand, unsecured loans allow you to borrow money for your business without the need for collateral. Business owners can take advantage of unsecured loans when they are unable to obtain a secure loan.
Other online lenders say that like us, they do not require security on their loans. However, we are aware there are clauses in some contracts whereby if you miss even one payment on your loan, they can trigger asset security over your loan. At Gulf Oasis, we don't require asset security on any of our loans under any circumstances, period.
Invest in your business today
Every business owner knows you need to spend money to make money. To fuel business growth and increase your profits, you need to invest in the things that make you money - facilities, staff, equipment, vehicles, and more. Small business loans are an excellent way to get the funding you need to make strategic investments that end up paying for themselves. Accessing smaller loan amounts can even help if you just need to support your business cash flow during a downturn.