Unsecured Line of Credit

searcher profile

July 14, 2022

by a searcher in Chicago, IL, USA

I own a business in the construction sector and am looking for an unsecured line of credit.
My business is profitable and we will do around $1M in Net profit this year with around
$8,000,000 in revenue.

We have a line of credit at the moment and I have a personal guarantee against it.
I would like to explore unsecured line of credit options and also increasing the amount from $200,000 up
to $400,000 or $500,000.

If anyone has any recommendations for lenders who provide unsecured lines of credit please feel free to respond
below. Thank you.

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commentor profile
Reply by a searcher
from Brigham Young University in Kahului, HI, USA
Good luck in your search. I would be interested hear as well if you find something unsecured that is also affordable. My experience has been that the cost hasn't been worth it on unsecured products.

Another route would be to take any assets you have (real estate, machinery, etc.) and create a financing package that leverages those assets and gives you the cash you need with a credit line.
commentor profile
Reply by a lender
from Brown University in Greenwich, CT, USA
Hi, I am the Director of Institutional Sales at Libertas Funding. We provide unsecured and non-dilutive financing (check size 100K - 5M). We have virtual line of credit that I think could be a good fit for your business. I'd be happy to explore this opportunity with you. Feel free to send me an email at redacted if you are interested in pursuing this further.
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