Thread: LETS DISCUSS.. Unsecured business loans / Signature loans
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Old 05-12-2008, 07:19 PM  
slapass
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Join Date: Nov 2002
Location: Earth
Posts: 14,625
Quote:
Originally Posted by kenny View Post
A true unsecured business loan doesn't relect on an individual's credit score or assets.

A company PAYDEX score is used to determine it.

Lots of times a bank will give you a loan and call it a business loan but its not really a unsecured business loan because they want a personal guarantee.
I think he meant not secured by collateral. Thus the signature.
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