Unsecured working capital is a popular option for businesses to access funding without putting up assets or collateral. Instead of relying on property or equipment, these working capital loans evaluate your business’s cash flow—such as monthly bank deposits—to determine both eligibility and the amount you can borrow.
No collateral required
Secure the capital you need based on cash flow — without having to pledge any type of asset or collateral.
No collateral required
Capital can be used to fund a variety of business needs from everyday operations to securing growth opportunities.
Fast time to fund
Ideal when you need cash fast, you can be approved in a little as 6 hours and funding in about 48 hours.
Early payoff discount
Businesses that shorten payment cycles are eligible for an early payoff incentive to help fund what’s next.
Is unsecured working capital right for me?
How much money can I receive through this type of financing?
Eligible capital typically amounts to up to 125% of your monthly revenues. You repay WelendLoans through a daily or weekly fixed payment via ACH.
Are there other qualifications for getting an unsecured working capital loan?
Beyond cash flow, industry type, time in business, credit score, and revenue streams are considered for this product. This helps determine eligibility, as well as terms, rates, and limits of your financing agreement.
How is the unsecured working capital loan different from a traditional loan?
This funding strategy differs from traditional financing in that it uses a factor rate instead of a fixed term, repayment schedule or APR.
While your business may be financially sound and growing — surprises happen. 1West is here to bridge the gap through our collateral-free working capital loans. This fast, flexible capital ensures your operations can continue without a hitch and your credit rating remains unscathed.
Let’s get down to small business.
WelendLoans way to get smart financing fast — and there’s everything else. We believe in your business and we believe in our approach. No nonsense. No surprises. Just expert guidance from start to finish.
