Getting an unsecured loan that is not against collateral has been tougher because of poor credit or no credit history; however, Montana Capital is now offering this in LA
Online PR News – 17-May-2010 – – North Hollywood, California, May 15, 2010: Whether it is for business loans, personal loans or cash advances, MontanaCapital now offers unsecured loans for all businesses and individuals in the Los Angeles area. The amount is being offered up to $25,000. And of course, since the loans are unsecured, you will not need to provide any collateral for this.
Often large businesses need a small amount, perhaps for its working capital needs. And of course, small businesses almost always are low on resources and can do with some additional money to spread the business. MontanaCapital is offering loans for all these purposes. But not just businesses, even individuals can ask for advance to pay off their liabilities, such as credit card debt or for other purposes, such as advance for education, vacation, and anything else. Yes, of course, once a person applies for the loan, the application will be examined by experts before it is approved. But the approval rate is as high as 95%, and this is great piece of news for all those who are in urgent need of money. The company is approving the unsecured loans in record quick time as well. The application process is free, and there are a few formalities.
Unsecured loans that are often also referred to as bad credit loans are very important if a business or individual is suffering from a bad credit history. Normally, if you have a bad credit history, no lender will approve your request, because you will be seen as a high risk applicant. But often this is not the case.
The fact is that a person or a business might have defaulted once on account of bad times, but the financial condition might have improved subsequently. However, the credit agencies that maintain the record will keep the bad mark for as long as 10 years. So this means that even though the financial condition is vastly improved, the person or the business will still be denied the loan. This is where unsecured loans can help. MontanaCapital is willing to offer you small loans if you have bad credit and also if you do not have any credit history at all.
Unsecured loans work in a different way than secured ones. While secured loans are offered against collateral, which is claimed if the debtor defaults or falls behind the payment, unsecured loans do not offer collateral. Such loans are issued purely based on the credit rating – but MontanaCapital is waiving that as well.
About MontanaCapital.com: Businesses and individuals often need some cash advance, and many of them are not willing to get the money against collateral. MontanaCapital is a company based in North Hollywood, California, which is offering them unsecured loans to meet their urgent cash needs. The application process is quick and easy and the approval rate is 95%. The company offers loans for bad credit and no credit. For more information about the process of securing unsecured loans, please visit the company website at www.montanacapital.com, or you can also send an e-mail to firstname.lastname@example.org.