UNSECURED BUSINESS LOANS: PATH TO SUSTAINABLE GROWTH

In the current volatile economic context, accessing capital in a timely and efficient manner is a key factor helping businesses maintain operations and break through. Especially for small and medium enterprises (SMEs), unsecured business loans are emerging as a flexible financial solution, providing opportunities for sustainable growth without requiring complex collateral. This is not only a source of capital for urgent needs but also a leverage for businesses to invest, expand operations, enhance competitiveness and realize long-term strategies.

What is an unsecured business loan? Why is it becoming more popular?

An unsecured business loan is a type of loan that does not require collateral, instead being approved based on the business’s credibility, credit history and financial capacity. Unlike secured loans, the procedure for unsecured loans is often more flexible, allowing businesses to quickly access capital to expand production, import goods, pay operating costs or invest in technology.

According to data from the State Bank of Vietnam, in 2024, the proportion of SMEs accessing unsecured loans increased by over 18% compared to the same period last year. This shows that credit institutions are becoming more open, especially when businesses have transparent financial statements, growth potential and are objectively valued y reputable third parties.

However, the lack of collateral means banks will more rigorously verify the actual value of the business. At this point, business appraisal plays a particularly important role in helping businesses prove their capacity and build trust with financial partners.

Can businesses apply for unsecured loans?

Businesses can absolutely apply for unsecured loans at banks and financial institutions. This is a useful financial solution that allows quick access to capital without the need for collateral.

Key characteristics of unsecured business loans:

• No collateral required

• Simple procedure, fast disbursement

• Flexible use of capital

• Suitable for SMEs

Conditions for getting unsecured business loans from banks

Even though collateral is not required, unsecured business loans still demand strict compliance with criteria. Banks and credit institutions usually assess loan applications based on:

• Transparent financial status: Enterprises need to provide audited financial reports or clear validation of revenue, profit and expenses.

• Good credit history: No bad debts at credit institutions, not listed under "watchlist" status.

• Stable business operation: At least 2 – 3 years of continuous operation is a significant plus.

• Clear capital usage plan: The loan purpose must be reasonable, feasible and demonstrate effective investment use.

In addition, to increase loan approval chances, many businesses use business appraisal services to clarify their actual value, profitability and debt repayment ability - critical factors that help shorten approval time from banks.

Which banks offer unsecured business loans?

Currently, many banks in Vietnam offer unsecured loan programs for businesses, especially SMEs. Below are some notable banks:

• Techcombank

• HSBC

• Agribank

• TPBank

• Standard Chartered

• Sacombank

• VPBank

• BIDV

• MSB

• Vietcombank

• VietinBank

• ABBANK

• HDBank

• MB Bank

• OCB

• SeABank

When intending to apply for an unsecured loan, businesses should contact banks directly for detailed consultation on conditions, documents and suitable procedures.

Benefits of using appraisal services before applying for unsecured loans

Using a business appraisal service before applying for unsecured loans not only helps determine the businesss current value but also improves the chances of getting larger loan approvals with better interest rates.

A recent report from the Vietnam Banks Association indicated that loan applications with independent appraisal reports had an approval rate 35% higher than regular applications. This demonstrates banks growing trust in objective, neutral evaluations from reputable firms like SunValue.

In addition, businesses can leverage the appraisal report to:

• Negotiate better loan terms and limits with banks

• Build a foundation for fundraising or investment partnerships

• Support internal financial strategy planning for mid and long-term periods

Transparency in business value is an "intangible asset" highly appreciated by investors and financial institutions.

SunValue business appraisal – Supporting businesses in unsecured loans

When choosing unsecured loans, what banks need first is trust – and that trust is built on the business’s value. Indochina Investment & Appraisal Corporation (SunValue), with over 23 years of experience in valuation, is a pioneer in helping businesses define that value clearly.

SunValue’s business appraisal service goes beyond just numbers. We implement a professional valuation process aligned with international standards, including:

• Analysis of financial statements, intangible assets, management capacity

• Market comparisons, competitive advantages and growth potential assessments

• Determining business value through multiple methods: net asset, discounted cash flow (DCF), peer comparison

Thanks to this, SunValue’s reports are always trusted and prioritized by major banks such as Vietcombank, MB, BIDV, ACB… during unsecured loan assessment.

With a network of 50 branches nationwide, SunValue’s expert team is ready to support on-site, process files in just 3 – 5 working days and ensure your business can promptly seize business opportunities.

Contact SunValue today for free consultation and the most optimized appraisal service quotes for your unsecured loan application.

Indochina International Appraisal & Investment JSC (SunValue)

• Address: Indochina International Appraisal System

• Hotline/Zalo: 081 519 8877

• Website: inavn.vn

• Email: contact@sunvalue.vn

• Facebook: Indochina International Appraisal and Investment

Conclusion

Unsecured business loans are no longer a "privilege" of large corporations but have become an effective financial tool for dynamic, transparent businesses with clear development plans. However, the first and most crucial step is to professionally and objectively prove the business’s true value. Thats why many successful companies choose SunValue as their companion on the journey of appraisal and capital connection.

Let SunValue help you turn your loan application into a powerful tool for business expansion – starting today.