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15 User Reviews


Overall Score

LAST UPDATED: October 14th, 2021

UFS (Unsecured Funding Source) provides personal loans and business loans, including business acquisition loans and start-up loans for businesses not yet generating revenue. The UFS team is composed of loan experts with more than 15 years of experience providing non-collateralized loans to qualified individuals and organizations that need them the most. 


The Good

  • Favorable Loan Rates and Terms
  • Little Documentation Required
  • Inclusive of Most Business Types 
  • Money Available in Less Than Two Weeks

Favorable Loan Rates and Terms

Business owners can borrow up to $250,000 from UFS and use the loan for any purpose, including but not limited to the following: 

  • Equipment purchases
  • Real estate purchase or rent
  • Supplies and inventory
  • Purchase down payments
  • Digital assets (websites and eCommerce businesses) 

UFS will finance loans at rates as low as 5.99 percent depending on creditworthiness and revenue. Assuming this rate, which is listed on the corporate website, applies to business loans and lines of credit in addition to personal loans, prospective borrowers should know that this advertised rate is much lower than unsecured business loans from competitors, which often start at around 10 percent APR but are generally much higher even with the most favorable credit profile. 

Keep in mind that starting loan rates listed by lenders are not a guarantee of a rate or a guarantee of loan approval. 

Little Documentation Required  

You can skip the detailed business plan when it comes to applying with UFS. The application form couldn’t be more simple, the initial application doesn’t impact your credit score, and you can be pre-approved in as little as four hours from application submission. All information is sent using SSL encryption for your protection. 

UFS wants to know your credit level, loan amount requested, general loan purpose, and your income where applicable. Beyond that, qualified applicants don’t need to provide extensive documentation. 

And, since unsecured loans do not require collateral, you won’t need to pledge your home, car, or other assets to obtain your loan. 

Inclusive of Most Business Types 

As mentioned, UFS welcomes pre-revenue businesses and other new start-ups, making it more inclusive than many of its competitors that will not finance businesses younger than six months. 

Unsecured business loans and lines of credit are available to qualifying businesses in all 50 states and all industries are considered for financing.

Money Available in Less Than Two Weeks 

While it's common for lenders to encounter delays in underwriting, approval, and loan disbursement, UFS provides fast funding. Prospective borrowers can expect to receive their funding in two weeks or less.  


The Bad

  • Risks of Unsecured Loans
  • Rates Will Vary 

Risks of Unsecured Loans

While unsecured loans may be less risky for the borrower than secured loans since the lender doesn’t have claim to your assets, there are still risks involved that prospective borrowers should be aware of. 

Since you’re borrowing money on your name and your established credit history, lenders must find other ways to ensure they get the money back if payments are neglected. Laws vary by state, but if you can’t make payments, you may incur additional charges, collection attempts, or damaged credit ratings. 

Sometimes lenders require a personal guarantee with an unsecured loan, which is a statement that in the event you do not make payments, they can then access your assets to recoup the loan. 

Rates Will Vary 

As mentioned briefly, as a borrower you shouldn’t expect to qualify for the lowest advertised rate with UFS or with any business lender. The lowest advertised rates are based on the ideal candidate in regards to creditworthiness, income, and other factors.  


The Bottom Line

With favorable rates and terms and a speedy application and approval process, this lender more than measures up to other business lenders. If you’re seeking an unsecured business loan or line of credit for your new or established small business, you may not need to look farther than UFS. 

As with any loan agreement, make sure you understand all terms and conditions of the loan, including any penalties for late or missed payments. 

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Message from

For more than 12 years, UFS has successfully helped business owners and entrepreneurs access over $500 million in unsecured capital to fund business start-ups, acquisitions and expansions. UFS is an independent advisory service that works with over 250 lenders nationwide to match its clients' needs with the best lending solutions. The UFS team of skilled and friendly loan consultants act as trusted business advisors, helping clients navigate the increasingly complex world of lending to find the best solutions to meet their capital needs.

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