Flexible Unsecured Business Loans for Small Businesses

Eligibility varies by program, but unsecured business loan options are generally designed for small to medium-sized businesses that can show operating history, revenue activity, and a reasonable use for funds. Franklin Financing Services can help companies that may not qualify with traditional banks, including some with poor credit, late payments, or prior bank turndowns.

Unsecured business loan proceeds may be used for many business needs, including working capital, expansion, start-up capital, debt consolidation, inventory, marketing, hiring, or short-term cash flow support. Franklin Financing Services also helps match businesses with alternatives such as term loans, revenue-based financing, and cash advance programs when those structures better fit repayment ability.

Some programs can move quickly. Franklin Financing Services offers certain financing options with approvals in 24-48 hours and funding available in as little as 3-7 days after approval. Timelines depend on the program, documentation required, loan amount, underwriting review, and how quickly bank statements or financial information can be provided.

Not always. Some financing programs do not require a personal guarantee, including certain cash advance options. Other products may require guarantees, financial statements, or additional underwriting materials. The right structure depends on your revenue, credit profile, industry, requested funding amount, and whether your business qualifies for a no-guarantee program.

Yes, some programs are built for businesses that have been declined by banks or have imperfect credit. Franklin Financing Services works beyond one-dimensional bank lending by using relationships with national lenders and multiple financing structures. Options may include cash advances, revenue-based financing, receivables financing, or other working capital solutions.

Required documents depend on the financing type. Fast-track business term loans may only need an application and the last four months of bank statements. Revenue-based financing may require two years of monthly financial statements, revenue by customer, a debt schedule, and projections if available. Simpler cash advance programs may require minimal documentation.

Available funding depends on the program. Business term loans may range from $20,000 to $500,000, while fast-track loans may range from $20,000 to $100,000. Revenue-based financing may provide $50,000 to $1 million, and Easy Pay Cash Advance options may provide up to $150,000 based on credit card receipts.

Repayment terms vary by product. Business term loans may offer repayment up to 1-4 years, while revenue-based financing typically uses 3%-9% of monthly cash receipts over a 2-5 year structure. Cash advances may be repaid through 15%-20% of future credit card receipts, helping payments adjust with business volume.