Fast business funding, with no collateral required
Need funds to cover expenses, manage your cash flow, or invest in growth? We make it simple.
Support for all your business goals
Every growing business could use a little more funding. At LMCU, we make it as simple as possible to fix up your cash flow or finance your next move.
No collateral needed
Unsecured loans1 allow you to get funding without tying up your assets.
Faster approvals
We make our decisions locally, so you can skip the wait and big bank red tape.
Flexible funding
Cover working capital, payroll, inventory, growth opportunities, and so much more.
Ready to fund your next move?
Small Business Unsecured Term Loan FAQs
An “unsecured term loan” offers funding without requiring any collateral, meaning you don’t have to tie up or risk any of your business assets in order to get approved for the loan. Instead, we base your approval on your credit and financial history.
Our Small Business Unsecured Term Loans are designed to be open ended, meaning you can use the funds flexibly, for a variety of business needs. These often include:
- Working capital
- Inventory
- Marketing
- Growth opportunities
- Unexpected expenses
Approval timelines vary on a loan-by-loan basis, but by working with local lender like us, you can enjoy overall faster, more responsive decision making — helping you move forward sooner without the wait times typical of bigger banks.
Unsecured loans don’t require collateral, giving you greater flexibility without risking your tied-up assets. Unsecured loans also typically have a faster, simpler application process, making them ideal for short-term needs or time-sensitive funding.
Since unsecured loans don’t require collateral, we’ll just need to see documentation supporting your business’s financial health, credit profile, and overall ability to repay the loan. This includes, but isn't limited to your business tax returns and recent financial statements.
A Small Business Unsecured Term Loan could be ideal if your business needs:
- Quick access to funding without tying up assets
- Help managing cash flow
- To cover short-term expenses
- Act quickly on sudden growth opportunities
For larger loans or loans tailored to more specific purchases, see all our Small Business Loan options.
Your bottom line is our top priority.
Disclosures
Unsecured small business loans available. No collateral required. Subject to credit approval and income qualification. $5 membership required if not already a member.
