Business funding
Personal Loans
Unsecured funding based on you, not your business.
General qualification guideline; lender and program requirements may vary.
Overview
Funding on the strength of your own profile
A personal loan is underwritten on the individual: credit profile, income, and existing obligations. No business entity, revenue history, or collateral is required, which makes it a fit when a business is new, when funds are needed for something outside a business, or when someone simply qualifies better as an individual than their company does.
Benefits
- —Unsecured: no collateral required
- —No business entity or revenue history needed
- —Underwritten on your credit profile and income
- —Lump-sum funding with a fixed repayment schedule
- —Can complement business products when the business itself is early
Good for
Situations where it tends to fit
Permitted uses depend on the lender and program.
Documentation
What you will typically need
Documentation is light and focused on you as the borrower:
- —Government-issued ID
- —Proof of income (W-2, 1099, or tax returns)
- —Consent to a credit review
Qualification factors
What generally matters
- —Personal credit score and history
- —Recent negative marks (the last twelve months weigh heavily)
- —Existing loan balances relative to income
- —Existing credit limits and utilization
- —Documented income
- —Lender / program guidelines
Education
Learn before you apply
Personal loans: what underwriters look at
Unsecured loans decided on the individual: score tiers, the last twelve months, income, and existing balances.
Common questions
Personal loans, answered plainly
Who is a personal loan for?
It is for an individual rather than a business. Underwriting looks at your credit profile, your income, and your existing obligations. It can be a fit when a business is too new for business products, when the need is outside a business, or when you qualify better personally than your company does.
What credit profile generally works?
Stronger profiles, roughly 740+ with meaningful existing credit limits, are generally in the strongest position; the 680+ range is solid; some programs work with profiles in the 640+ range depending on the rest of the picture. Recent negative marks in the last twelve months and large existing loan balances make underwriting more difficult. These are general guidelines, not cutoffs, and requirements vary by lender and program.
Does a personal loan affect my business options?
It can, in either direction. Additional installment debt is part of your profile. If you are weighing a personal loan against a business product, tell us; we will look at both paths before recommending one.
Want to know where you stand?
A few quick questions will tell you whether a personal loan is worth exploring.
The guidelines on this page are general guidelines only — not guaranteed lender approval requirements. Requirements vary by lender and program. TK Capital Solutions is not a lender; all funding is subject to lender underwriting and approval.