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  • Personal Loans

Unsecured Term Loans for Startups

Need capital to launch or grow — but don’t have revenue, assets, or years in business? Our personal loan program is designed for founders just like you. With no collateral required, fast approvals, and terms of up to 7 years, this is a flexible, affordable way to get the funding you need to move forward.

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What Is an Unsecured Term Loan?

Unlike traditional bank loans, unsecured term loans are based on your personal credit and verifiable income, not your business performance or assets. This makes them ideal for startups or entrepreneurs looking to invest in their business early — without giving up equity or relying on complex documentation.

Program Highlights

Loan Amounts

Up to $400K

Term Lengths

3 to 7 years

Interest Rates

Varies based on credit and income

Funding Timeline

Typically 5–10 business days

Credit Pull

Soft to pre-qualify

Why Founders Choose This Program

No Collateral Required

Approval is based on your credit and income — not business assets.

Fixed Monthly Payments

Easy to budget, with predictable payback over time.

Use Funds However You Need

Marketing, hiring, inventory, working capital, or even MCA debt consolidation.

Great for New Businesses

Ideal for startups with little time in business or no revenue history.

Co-Signer Options Available

Have a guarantor? You may qualify for larger loan amounts.

Who This Program is For

  • Founders with good personal credit (typically 660+)
  • Startup businesses with no business credit or revenue
  • Entrepreneurs looking for flexible, longer-term repayment
  • Individuals with W-2, 1099, or verifiable income

What You’ll Need to Apply

Completed application & signed agreement

Tri-bureau credit report

Proof of income (W-2, paystubs, or tax returns)

Valid government-issued ID

No open bankruptcies

Must be 21+ with filed taxes

Speak to a Startup Funding Expert

FAQs

An unsecured term loan is a lump-sum loan that doesn’t require collateral. Approval is based on your personal credit and verifiable income, making it ideal for startups and new businesses without established revenue or assets.
You can access up to $400,000, depending on your credit profile, income, and other qualifying factors.
Most loans are funded within 5-10 business days from application to disbursement.
No — you can use the funds for marketing, hiring, inventory, working capital, or even consolidating high-interest debt like MCAs.
This program typically requires a 660+ FICO score, though higher scores may help you qualify for better rates and larger loan amounts.
Yes. This program is designed for startups and early-stage businesses, as approvals are based on your personal credit and income, not your business performance.
We use a soft credit pull to pre-qualify you, so your credit score won’t be affected unless you move forward with a full application.
No. This is an unsecured loan, so no assets are required for approval.
Yes. A co-signer can help you qualify for higher loan amounts or better terms.
Simply apply through Small Biz Heroes, and our team will guide you through the process and help you compare this program with other start up funding options like 0% APR credit stacking or SBA microloans.