1West working capital
Unsecured working capital
Last updated: November 2026
What is an unsecured working capital loan?
An unsecured working capital loan is business financing approved on your cash flow, with no assets or collateral pledged.
At 1West, unsecured working capital is the option built for established businesses that need cash for payroll, inventory, rent, or a seasonal gap. Approval is based on cash flow rather than property or equipment, and you apply once through ABLE, the 1West Automated Business Lending Engine, at any hour.
Unsecured working capital at a glance
- Collateral
- None required, per 1West
- Approval basis
- Business cash flow
- Amount range
- Choose from $5,000 to $1,000,000+ on the 1West application
- Rate and term
- Not published on 1West product summary; set by the lender
- General 1West minimums
- 6+ months in business, $20,000+ monthly revenue, 600+ FICO, 4 months of bank statements
Product description and general requirements as stated by 1West, as of November 2026.
What is unsecured working capital?
Unsecured working capital is money a business borrows to cover day-to-day operating costs, where the lender evaluates revenue and bank activity instead of taking a lien on a specific asset. 1West describes it as financing approved based on your cash flow, with no assets or collateral required. Because nothing is pledged, the lender leans more heavily on what your bank statements show about steady deposits.
When it is a strong fit
- Covering payroll or rent while waiting on customer payments
- Buying inventory ahead of a busy season
- Businesses without real estate or equipment to pledge
When another option fits better
If you are buying a specific machine or vehicle, equipment financing uses the asset itself as collateral and is often easier to qualify for. If your cash is tied up in unpaid invoices, accounts receivable financing may fit better.
Cash flow is the collateral. That is why clean, consistent bank statements matter more here than anywhere else.
When working capital makes sense
Most established businesses run into timing gaps. Payroll is due on Friday, a large customer pays in 45 days, and a supplier offers a discount for paying now. Working capital fills that gap so operations keep moving.
Published research backs up how common this need is. According to the Fora Financial summary of 2026 small business lending statistics, meeting operating expenses (56%) is the top reason small businesses borrow, ahead of pursuing expansion or new opportunities (46%).
What lenders look at without collateral
With no asset backing the loan, the lender focuses on your deposits, average balances, overdrafts, and existing debt payments. Four months of statements show a pattern, which is why 1West asks for them.
Your credit score still matters. 1West generally looks for a FICO score of 600 or higher, along with at least six months in business and $20,000 or more in monthly revenue.
How to apply for unsecured working capital
Gather four months of bank statements
1West generally asks for the four most recent months of business bank statements.
Choose the amount you need
Pick a range on the application, from $5,000 to $1,000,000 or more. Borrow what your cash flow can repay.
Apply once through ABLE
Submit one application, 24/7. ABLE helps match your business with lenders whose programs fit.
Compare offers with guidance
Review rate, term, payment schedule, and total cost side by side before you accept anything.
Official product details: Unsecured working capital on 1west.com. Compare every option on our small business funding options page.
Questions about unsecured working capital
- What is unsecured working capital?
- Unsecured working capital is financing approved based on your cash flow, with no assets or collateral required, as 1West describes it. Businesses use it for payroll, inventory, rent, and other operating costs. Because nothing is pledged, lenders look closely at your bank statements, so steady deposits and few overdrafts strengthen an application.
- What documents are needed for a business loan?
- For most applications through 1West, the core document is four months of business bank statements. Depending on the product, lenders may also request tax returns, financial statements, a debt schedule, equipment quotes, or details of outstanding invoices. SBA and real estate loans usually need the most documentation, so organize those early.
- What credit score is needed for a business loan?
- The credit score needed for a business loan depends on the lender and product, but 1West generally looks for a FICO score of 600 or higher. A higher score can open more options and better terms. Collateral backed products, like equipment or receivables financing, may weigh other factors more heavily than credit alone.
- How long does it take to get funds?
- Funding time depends on the product and lender. 1West lists about one week for equipment financing, about two weeks for accounts receivable financing, and about two to three weeks for commercial real estate financing. SBA loans generally involve a longer review. Responding quickly to document requests is the best way to avoid delays.
- Do I need collateral for a business loan?
- Not always. 1West unsecured working capital requires no assets or collateral and is approved based on cash flow. Equipment financing uses the equipment as collateral, receivables financing uses funds due from clients, and commercial real estate loans are secured by a lien on the property.
Other 1West financing options
Compare unsecured working capital offers with one application
ABLE accepts applications 24/7 and the 1West team helps you weigh the offers you receive.
Eligibility and final terms depend on the financing product and lender. No approval, rate, or timing is guaranteed.