 TITLE: How Do I Get an Unsecured Business Loan? CONTENT: Types of Unsecured Business Loans\n---------------------------------\nThere are several types of business loans that don't require collateral. Depending on your business's financing needs and income, some of these options may make more sense for your company.\n### Long-Term Loans\nThough uncommon, you may be able to find a long-term business loan that doesn't require collateral. Terms on a long-term loan can range from a few years to a few decades. Since most long-term loans are for larger amounts and require many years of repayment, lenders are less likely to offer an unsecured long-term option without having a history with your business.\n### Short-Term Loans\nShort-term business loans, on the other hand, often are offered with no collateral requirements. If qualified, you can find many options for short-term unsecured loans from online lenders. Most short-term loans have a repayment period of one year or less. They're often a good type of loan to use to get through a slow period, pay unexpected expenses or take advantage of a time-sensitive growth opportunity. An unsecured short-term loan can be a great option for small business owners.\n### Merchant Cash Advance\nAnother type of unsecured business loan is a merchant cash advance. Ideal for businesses that do a lot of credit and debit card sales, this unsecured loan is repaid using a fixed percentage of daily credit card sales. There are no fixed payments required for a merchant cash advance. Instead, a percentage of your daily credit or debit card sales goes to paying back the loan.\nBefore you decide if a merchant cash advance is right for your business, be sure you look at the loan's interest rate and the percentage of sales your lender requires. You may find that a high interest rate and loan repayment terms that require a large percentage of daily sales reduce the benefits of an unsecured merchant cash advance. END