An unsecured loan is the simplest form of lending, it is based on your businesses credit worthiness and does not rely on securing the loan against business assets as a form of security for the lender.

With personal unsecured loans, the lender won’t have the right to seize valuables like your home or car.

Since unsecured loans are not secured by any assets, the lender will have no claim over your financial resources if you default on a payment