Unsecured business loans in the USA: funding without pledging property

Who qualifies in the USA

• U.S.-registered operating business with at least two years of trading
• Filed federal tax returns or reviewed accounts, plus current management accounts
• Debt service coverage of roughly 1.25x or better after the new facility
• No unresolved tax liens or defaults on existing commercial debt

Typical uses

• Hiring ahead of a contract or seasonal peak
• Inventory and purchase orders
• Marketing and expansion into new states
• Refinancing expensive merchant cash advances into a structured term loan

Documents to prepare

• Two years of business tax returns and financial statements
• Year-to-date P&L and balance sheet
• Six to twelve months of business bank statements
• Debt schedule and a short use-of-funds note

Speed and next steps

For facilities under USD 10 million with complete documents, Westford typically closes in less than 14 days. Larger or project-level facilities follow a diligence timetable agreed up front. Start with the payment calculator to size repayments, then apply online — your application is reviewed by a deal officer at the Asheville HQ.

Pricing and fees

Unsecured pricing carries a spread over secured facilities. Indicative ranges are on the rate sheet; your rate is confirmed only in a written term sheet. Any fees are set out in writing in your term sheet and facility agreement before you commit. Only pay into bank details confirmed in your signed agreement — never by gift card, crypto or to a personal account.