Business loans with no collateralassets stay out of the first conversation.

Collateral is the thing many lenders want before they will talk: property, a vehicle fleet, a specific machine. Plenty of good businesses do not have that, or do not want to put it at risk. A no-collateral business loan is the product for that situation.

At TurnoverLoans.com that product is an unsecured business loan. The words mean the same thing here. See if you qualify →.

What we skip, and what we still need

We skip the security schedule in the qualification check. We do not skip the business. You still need an ABN, a trading history longer than three months, and enough monthly turnover to sit in the $50,000 to $3 million range. How to qualify lists the questions in order.

Sole traders are not excluded for lack of a company balance sheet. Business loans for sole traders covers that structure directly.

Unsecured is not the same as unassessed

No collateral does not mean no questions. We ask about existing unsecured debt, GST, industry and purpose. A working capital request and an equipment purchase are different uses of the same unsecured product. Assessment still happens. What you are not asked to do is nominate the house or the workshop as the way in.

Security and credit history are separate questions. If the concern is your credit file rather than the assets you own, read about business loans with bad credit. The initial check starts with the business, but later assessment may consider more information.

Read the words carefully on other sites too

“Low doc” and “no security” are used loosely in this market. Some products still take a charge over assets later. Our qualification check does not ask for collateral. Any later terms would be explained before you proceed. That is the standard we will hold on this page.