bannerPlayIndustry Spotlight

Meet the Supplier: Unsecured Funding Source

With more than 15 years of expertise and a nationwide network of lenders, Unsecured Funding Source is a useful resource for entrepreneurs seeking alternative financing.

By Jeff DwyerStaff Writer
1:13PM 09/26/23

Unsecured Funding Source (UFS) is an independent advisory service that works to provide alternative unsecured loans for businesses, startup businesses or personal funding needs. Over the past 15 years, it has successfully helped business owners and entrepreneurs access over $500 million in unsecured capital to fund business startups, acquisitions and franchise purchases.

The History of Unsecured Funding Source

UFS was founded in 2005 and is based in Whitefish, Montana. As of September 2023, the firm operates under the leadership of CEO Grant Ferguson, whose industry experience spans a wide variety of sectors, including financial services, entertainment and health care.

How Unsecured Funding Source Stands Out

The UFS team acts as trusted business consultants and helps its clients navigate the world of lending so they can find the best solutions for their capital needs. The firm matches its clients with a variety of loan programs ranging from $25K to $450K, including personal loans, startup loans, unsecured business loans, jumpstart loans and lines of credit. Even better, UFS doesn’t charge any upfront fees and only receives commissions when a customer manages to secure funding.

Additionally, UFS lists the following benefits of working with them:

  • Unsecured loans and lines of credit up to $450K
  • Rates from 8.99% to 11% (depending on strength of client’s credit)
  • Terms of three to 12 years (moist clients average six to eight)
  • 100% unsecured, no home equity or other assets required
  • Funds can be used for any purpose
  • Turnaround times average two to three weeks
  •  Special programs/discounts for veterans

As noted on UFS’s consumer-facing website, the application for a loan or line of credit is “simple, secure and fast,” and takes as little as 60 seconds.

Why Choose Unsecured Funding Source?

UFS has more than 15 years of business startup and acquisition lending experience, and prides itself on its professional business development advice and friendly guidance. Additionally, the firm partners with over 250 lenders nationwide to match its clients’ needs with the best lending solutions, rates and terms.

“Our extensive knowledge of the industry enables us to achieve the most competitive interest rates and terms in the country, and you can use your unsecured loan funds or line of credit for any purpose,” according to the brand’s site.

Colin Hamilton, UFS’s director of business development, said the firm has managed to stand out from its competitors by focusing on an individual’s creditworthiness rather than available capital. However, to be eligible for an unsecured loan, you’ll need to have a credit score of more than 700. The application does not impact your credit score.

As a result of its services, UFS has a 4.9-star rating on BestCompany.com

A Secure Choice

UFS’s track record, network of lenders, dedication to client success and its commitment to providing top-notch financial services make it a standout choice for businesses, startups and budding entrepreneurs in need of unsecured capital.

Learn more about the firm by watching the full interview here.




 


 

MORE STORIES LIKE THIS

NEXT ARTICLE