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An unsecured small business loan is a form of business financing that simply doesn’t require any collateral in order to qualify. And that’s great news for you! Why? It means that you won’t need to put your valuable items on the line and risk them being taken away from you should you fail to repay your loan. Collateral is essentially an asset that you own and agree to act as security for repayment (such as your house, vehicle, savings, inventory etc.).
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