A type of church financing that is used when a church is growing quickly and does not have the income to be able to afford the loan they are currently looking to borrow but will though continued growth.
Unsecured loans are also known as signature loans, because there is no collateral required and only your signature is needed to complete the loan request.
A commercial lender offers loans backed by hard collateral. In most cases this is real estate, but it can also include factoring, non-conforming assets, or other sources of collateral.
