Unsecure Business terms loans

UNSECURED BUSINESS TERM LOANS

$30,000 TO $350,000 AVAILABLE

LOW-RATE MONTHLY PAYMENTS

NO PRE-PAYMENT PENALTIES (DISCOUNTS INSTEAD)

BUSINESS FUNDING It Doesn't Have To Be Complicated

For small business owners and entrepreneurs, Gloven Capital is now offering business term loans with monthly payments and competitive, low rates. These loans are designed to help you grow and manage your business while keeping your cash flow intact. If you’re interested, our team is here to help guide you through the process and ensure you find the best loan solution for your business needs.

Gloven Capital offers unsecured business term loans with terms ranging from 1 to 5 years, a minimum credit score of 660, and funding of up to $350,000. These loans are a great option to help your business grow, whether you need to expand, purchase inventory, hire more employees, or refinance existing debt.

Our loan program typically funds within 1 to 2 weeks, and we offer early payment discounts to help you save. With fixed rates that range from 6% to 25%, you can count on a clear, predictable repayment plan.

To get started, you can check if you’re pre-qualified in just 5 minutes with a soft credit pull, which won’t affect your credit score.

Prequalification and Eligibility Criteria

✔ Annual Revenue: $250,000
✔  Credit Score: 660+ (Soft Credit Pull for Prequalification)
✔  Ownership: Applicants must be U.S. citizens or residents
✔  Business Credit: No recent bankruptcies, tax liens, or judgements
✔  Time to Fund: 1 to 2 Weeks
✔  Interest Rates: Range from 6% to 25%, with early payment discounts

Documents Required (after pre-approval)

✔   2 years of business and personal tax returns
✔   6 months of recent business bank statements
✔   Business Debt Schedule
✔   Year-to-date Financial Statements

States Where the Program is Offered

Step 1. Apply

Complete the business loan application form in 1 minute.
Step 2. Analyst Phone Call

Receive a phone call from an analyst to discuss your offer.
Step 3. Provide Documents

Provide bank statements, a voided check, and a copy of identification.
Step 4. Receive Funds

Accept your offer, sign your loan agreement and receive funds!

Get approved for a low rate, unsecured business loan!

Gloven Capital’s Business Term Loans Features

Take a look at some of the features that our term loan program has for you:

□ Low, monthly payments
□ Terms up to 10 Years
□ Quick Loan Approval Process
□ All Credit Scores Accepted
□ Minimal documentation

What documents are required to apply and receive a business term loan?

□ 3 months of business bank statements
□ Loan Application
□ Voided Check

What are Unsecured Business Term Loans?

An unsecured business loan is a financing option that does not require collateral or hard assets. Instead, lenders assess factors such as your monthly revenue, bank balance, and credit score to determine your eligibility. Since this type of loan is offered through non-bank financing sources, the approval process is generally more flexible compared to traditional bank loans, making it easier for businesses to access capital without needing to pledge assets. This flexibility can be especially beneficial for entrepreneurs who may not have significant assets but need funding to grow their business.

What types of businesses can qualify?

We will review any business term loan requests for for-profit businesses that have been in operation for at least 3 months and maintain an active business checking account. This ensures that your business has a stable foundation and the necessary financial activity to qualify for funding. Whether you’re looking to expand, purchase equipment, or cover operational costs, we’re here to support your growth with a flexible and accessible loan option.

When banks say no, we say yes!

Once you fill out the Business Term Loan Application, an analyst from Gloven Capital will call you the same day to discuss possible pre-qualification terms.

Our programs are a much better alternative to bank loans, as we require minimal documentation and approve loans much more quickly.

With an unsecured business term loan from Gloven Capital, you can access up to $250,000 in working capital for any business purpose. Banks typically have very strict requirements, require extensive paperwork, and can take weeks (or even months) to approve. At Gloven Capital, we simplify business lending to help you get the funding you need fast and efficiently.

See why Gloven Capital's

Unsecured business loans are a better alternative.

✔ Even with bad credit, you can qualify for a monthly payment loan with long terms.

✔ If you have existing debt with daily or weekly payments, you can refinance these loans and improve your monthly cashflow.

Other types of Unsecured business loans | Startup Business Loan | Merchant Cash advance

Q. What is an unsecured Business loans?

This is a type of loan that doesn’t require collateral and is secured based on the cash flow of your business.

Q. What is a business term loan?

A business term loan, also referred to as a traditional business loan, is a lump sum of capital that is repaid through regular installments at a fixed interest rate, typically over a period of 1 to 5 years.

Q. What is a line of credit?

A line of credit (LOC) is a financial product that provides a preset borrowing limit, which can be accessed at any time. The borrower can withdraw funds as needed without exceeding the limit. As money is repaid, the borrower can borrow again, offering flexibility in managing cash flow.

Q. What is a merchant Cash advance?

A merchant cash advance (MCA) is a type of business financing that provides an advance based on future credit or debit card sales. This option is typically used by businesses whose revenue primarily comes from card transactions, such as restaurants or retail stores. The repayment is usually made by a percentage of daily credit card sales, making it easier for businesses with fluctuating sales to manage repayments.

Q. What are fixed rate term loans?

A fixed-rate term loan, also known simply as a term loan, is a type of loan where the interest rate remains consistent throughout the entire loan term. This provides predictability in monthly payments, as both the principal and interest payments are fixed, making it easier for businesses to budget and plan their cash flow.

Q. How do I get an unsecured business loan?

If you don’t have the assets to secure a business loan, an unsecured business loan may be your best option. With Gloven Capital, you can easily apply for an unsecured loan by submitting your last three months of business bank statements and completing an online application. We will get back to you within 24 hours.

Q. What happens if you default on an unsecured business loan?

If your loan goes into full default, it can negatively impact your business credit score, making it harder to secure credit in the future. If you’re at risk of defaulting, please reach out to us so we can discuss potential repayment solutions and work together to resolve the situation.

Q. How do I get a small business loan with bad credit?

A poor business credit score can be a significant barrier to securing funding. The first step is to work on improving your credit. While you’re addressing your credit issues, you could consider applying for a short-term secured loan. Gloven Capital offers solutions for various situations—contact us, and we’ll do our best to assist you.

Q. How quickly can I receive funding?

With Gloven Capital, you could get approved within 24 to 48 hours and receive the funds in 1 to 3 business days.

Q. Do I have to provide collateral for the loan?

An unsecured loan is a type of financing where the borrower doesn’t need to provide any collateral. This means that the loan is approved based on your business’s creditworthiness and financial situation rather than assets. Gloven Capital offers unsecured loans with flexible terms, so if you’re looking for funding without the need to pledge collateral, we can help.

Q. What is the minimum qualifying criteria for a business term loan?

To qualify for one of Gloven Capital’s Term Loans, you need to meet the following criteria:

Minimum annual sales of $100,000
At least 1 year in business
A minimum credit score of 660

If you meet these requirements, you could be eligible for a term loan with Gloven Capital.

Q. What supporting documentation is required?

The last three months of business bank statements.

Q. What is the term of the loan?

Gloven Capital offers terms ranging from 1 to 4 years for its business loans.

Q. What is the interest rate of the business term loan?

Gloven Capital offers business term loans with rates starting at 9%. Your final interest rate will depend on factors like your creditworthiness, credit score, cash flow, time in business, and more. Contact us today for a free, no-obligation quote tailored to your specific situation.