Unsecured
Unsecured Business Loan
No collateral requiredSignature, cash-flow term loan for established businesses — no property or asset security required.
- Indicative rate
- 10.9% – 17.5%*
- Amount
- $50K – $1M
- Tenor
- up to 5 yrs
*Indicative APR range. Subject to credit approval. Not an offer of credit.
- Amount
- $50,000 – $1,000,000
- Indicative APR*
- 10.9% – 17.5%
- Representative rate
- 12.9%
- Max tenor
- 60 months (5 yrs)
*Indicative only. Subject to credit approval.
10.9% – 17.5% · up to 5 yrs · Arrangement fee 1%
Calculate repaymentsOur Unsecured Business Loan is a signature, cash-flow term loan for established businesses that want growth capital without pledging property, equipment or personal assets.
We underwrite on the strength of your revenue, margins and debt-service coverage — not on what you can put up as security. Facilities from USD 50,000 to USD 1,000,000 amortise monthly over up to five years.
Key features
- No collateral required
- Underwritten on cash flow and DSCR
- Decision in ~5 business days
Eligibility
- 2+ years of trading history
- Annual revenue of at least USD 250,000
- Debt service coverage of at least 1.25x on historical cash flow
- Clean KYC/AML and beneficial-ownership disclosure
Use of proceeds
- Hiring and expansion
- Marketing and new contracts
- Inventory and equipment under USD 250K
- Refinancing costlier short-term debt
Typical covenants
- Minimum DSCR 1.25x tested semi-annually
- Negative pledge — no new secured debt without consent
- Maximum Net Debt / EBITDA 3.0x
- Annual accounts within 120 days
Draw schedule
Single drawdown at closing.
Indicative term sheet
Indicative terms — Unsecured Business Loan
- Borrower
- [Operating Co.], a limited liability company
- Amount
- Up to USD 1,000,000
- Tenor
- Up to 60 months
- Pricing
- Fixed 12.9% p.a. (indicative)
- Fees
- Arrangement 1.0%; no prepayment fee after month 6
- Security
- Unsecured; negative pledge and financial covenants (DSCR ≥ 1.25x)
- Repayment
- Equal monthly instalments of principal and interest
Ready to finance your next milestone?
Submit a proposal in minutes. A Westford deal officer will respond within two business days.
