Startup Financing

A startup loan allows you to invest in your own business without giving up equity to investors. It provides the working capital your startup needs, enabling you to move into a larger office space or order inventory to fulfill large purchase orders. This way, you retain full ownership and have the resources to grow your business.

Startup loans are awarded based on the business owner’s personal credit history, making them an accessible financing option for new businesses. Even with a poor credit history, you may still qualify. Before committing, consider what affected your credit in the past. If you have a history of late payments, assess whether you can afford the loan and meet the payment schedule. For those looking to build credit, a business credit card can be a great fit, offering access to financing and an opportunity to build credit for your business without the requirement to use the capital.

Getting a startup loan or an exciting option like an SBA or government loan can be a stressful process. Fortunately, instead of spending days or weeks searching for the right loan, you can easily apply through Lendio. We’ll help you choose the best startup solution for your unique situation.

Loan types and amounts vary based on your situation. Through Lendio, you can find loan options offering up to $2,000,000. With that amount, you could build the business of your dreams. The first step is to apply.

Yes, securing a business loan to start a business can be challenging. While some lenders may consider businesses from day one, most prefer to see at least 6 months of operational history and a consistent monthly revenue stream. The owner’s credit score also plays a significant role in determining eligibility.