In a world that has taken a downturn in the economy many average businessmen resort to unsecured sources to relieve them of their capital needs. Unsecured financing sources have become popular by the day with increase in restrictions in lending in conventional sources people resort to unconventional unsecured financing source to meet the funding needs. Though this has been a boon to many people, we must consider UFS complaints and reviews before going to a source for financial needs.
The normal complaints among UFS are that high interest rates with inventory factoring offers have very impressive and fast loan approvals but as mentioned the high interest rates proved to be a mood breaker for many businessmen also among businessmen obtained funding from merchant cash advances face problems such as losing collateral pertaining to the agreement that in the failure to repay under the year the businessmen who received the loan will have to forfeit its collateral and assets over whom the loan was taken.
The usual unsecured funding source are merchant cash advance fund up to $ 250,000 for anyone in the business having a monthly credit card statement of $ 5000 also their venture capitals who invest in a business in exchange for shares in the company also there are equipment leasing firms who buy the equipment and lease them out to the business.