With an unsecured business loan or overdraft you will not need to use your assets, like cash or property, as a form of security. Unsecured loans can be useful when you don’t want to tie your lending to your assets or if your assets are linked to other lending or contracts.
Financial providers tend to take an individual guarantee and indemnity from the director/s of the business taking out the unsecured lending. This means that if the business fails to meet its lending obligations, like repaying the loan, the director/s can be held responsible.
With ANZ GoBiz you will not need to provide an asset as security. Director/s of the business taking out the unsecured lending will need to provide an individual guarantee and indemnity.