 TITLE: How Do I Get an Unsecured Business Loan? CONTENT: Some lenders make it difficult to get a loan without putting up collateral. By not securing the loan, the lender is taking on a lot more risk. If the borrower suddenly can't pay, the lender won't have assets available to recover the cost of the loan.\nMost lenders, for example, require all new borrowers to start with a secured business loan. After a relationship is established, you may qualify for an unsecured loan. Building that relationship with your lender can cost a lot of money and time.\nThere are options, however, for unsecured small business loans that have higher approval odds. Alternative lenders—lenders that aren't a major bank, often doing business only online—sometimes have an easier application process and may not require collateral. If you're a business owner thinking about applying for an unsecured loan, an alternative lender may be your best option. END