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Is it really possible to get business loan without collateral security?

Question:

Is it really possible to get business loan without collateral security?

Business Loan

Business loan refers to loan facility provided by banks or financial institutions to businesses that require capital for various business purposes.

Answer and Explanation:

It is possible to get business loan without collateral security in the form of unsecured loans. However, such unsecured loans could carry a high rate of interest.


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