An unsecured company loan is a type of loan that is not secured by any collateral, such as property or equipment. This means that the lender is taking on more risk by lending money to the company, and as a result, the interest rates on unsecured company loans are typically higher than those on secured loans.
Unsecured company loans can be a good option for businesses that do not have any assets to secure a loan, or for businesses that need to borrow money quickly and do not want to go through the process of securing collateral.