Released on: January 3, 2008, 11:34 am

Press Release Author: Wardell Brooks

Industry: Financial

Press Release Summary: When seeking funding for a small startup or pre existing
business, sometimes the loan application process can be the most grueling part.
Lenders make small business funding difficult due to the multi-dynamic risk small
businesses pose. To ensure minimal risk to the lender, a number of requirements are
incorporated into the lending procedure. Filling out an online application for a
unsecured small business loan is easier today than ever before, especially through
an online lender.

Press Release Body: Today, more and more people are applying for loans online. From
busness loan applications, home loan applications, to online car loan applications,
the application process is simpler and easier online. The precarious part about
filling out an online loan application is that the consequences of improper loan
applications can be detrimental. Incomplete or incorrect loan applications can
result in a denial of the loan request, or not getting approved for as much money as
you may have hoped, even though you actually had the credentials and qualifications
for your original loan request.

Generally, unsecured small business loans applications are fairly simple. As a
trend, they are much simpler and easier to fill out than the paperwork at a
traditional bank or lending institution. Many online lenders today boast one page
applications. You simply fill out the fields online and once you submit it, the
information is electronically retrieved by the lender Its that simple.

For those that are particularly intimidated by the loan application (and even those
that aren't), submitting a loan request online is not a bad idea. These web based
lenders are efficient, have great loan programs, and are much easier to apply to
than traditional lenders. Their paperwork is far shorter, and has an interactive
help section in case you get confused. When you are filling out an unsecured small
business loan application, as well as other loan products, sometimes one application
filters through several lenders for a better chance of approval.

The most common measure of security taken by lending companies is to require
collateral. This means the business loan request will be approved only if it can be
secured against a home, vehicle, or other asset of value. In the event that the loan
defaults, the lender can then recover its money due to the lien placed on this
object.

Business plans are one if the most dreaded parts of the unsecured small business
loan application process. These plans can be thick, detailed, and complicated. Often
they require information that a small or startup business may not even have! The
worst part is that completing a well done business plan does not guarantee loan
approval.

The small business loan application process can also be made difficult by the
imposition of restrictions on how the loan proceeds can be used. This takes away the
borrower's freedom to use the funds as he or she may have seen fit. You can escape
these hassles by using an online application for a unsecured small business loan.

The online loan application is easy to complete. Just fill in the fields and then
click on submit, and the information is electronically sent to us. You will need
only the most basic information to fill out our online application. This will
include the amount of the loan you are seeking, and your basic contact information,
such as your phone number, address, and email address. You will also be asked basic
questions about whether or not you own your home, and what you believe your personal
credit rating is. Basically, the process will be very similar to filling out an easy
online credit card application.

Applying for unsecured small business loans at http://www.venturecapital.20m.com is
easy, all the business owner need to do is just go on line and submit their loan
details. Then the lenders will refer back to you with the loan decision in a few
days.

Web Site: http://www.venturecapital.20m.com/no_collateral_loan.html

Contact Details: America Unsecured Funding
P O Box 60882
Chicago, IL 60660
http://www.venturecapital.20m.com