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An unsecured businesss loan is money borrowed from a lender that is not secured by collateral such as a car or home. The exact rate and terms will vary based on the lender and your overall credit profile.
Each lender has their own requirements to qualify for a personal loan. To get a loan, you should be in business for at least 6 months and turnover more than $6,000 per month.
Once you've selected a lender and completed the application process on Financr, the lender can generally approve and fund your loan within 24 hours.
How much you can borrow with a business loan depends on your free cashflow and other risk factors such as your time in business. Calculating the amount you can borrow also depends on the product type. For example, with an unsecured business loan a good rule of thumb is 1 to 2 times your businesses monthly turnover.