Unsecured Line of Credit - Business Finance Glossary

An unsecured line of credit is a line of credit that is not backed by any collateral. Like a credit card, only the borrower’s good faith is backing up the line. Unsecured lines of credit generally have smaller limits than secured ones. But they are highly coveted by businesses and are only offered to companies that are in good standing. Learn more about lines of credit in this helpful explainer. The Biz2Credit Business Finance Glossary: this free resource from Biz2Credit has all the information on key financial terms you need to know for your small business. Browse through all of the most important concepts you need to know when running your own business, all in one place. Discover more business finance terms at