How to get funding — even if you're just starting
Lenders love track record — but that doesn't mean you're stuck if you're new. As a startup or early-stage business, focus on options that lean on your personal credit, collateral, or future revenue instead of long business history.
- Revenue-based funding: Funds can be issued based on your last 1–3 months of business deposits — not years in business.
- Equipment financing: Trucks, machinery, or tools can often be financed with the equipment as collateral.
- Secured lines of credit: Savings or CDs can back a secured business line or card that builds history.
- Co-signer or guarantor: A partner with stronger credit can unlock better terms early on.
The key for new businesses: have IDs, bank statements, and your business explanation ready so lenders understand your plan immediately.
Microloans, 0% interest options & grant tools
Not all funding has to be expensive. With microloans, 0% offers, and grants, you can drastically lower your cost of capital.
- Microloans: CDFIs and nonprofit lenders offer $5K–$50K loans for underserved or newer businesses.
- 0% APR strategies: Certain business cards offer 6–18 months of 0% APR.
- Grants: National, state, and private programs exist for minority-owned, women-owned, and rural businesses.
Use these as part of your overall plan: low-cost options first, then larger-term programs.
Credit-building strategies for entrepreneurs
Strong personal and business credit unlock better rates and higher limits. You don’t need perfect credit — you just need structure.
- Business banking: Keep business income and expenses separate.
- Net-30 vendors: Start with vendors that report to business credit bureaus.
- Utilization control: Keep revolving balances under ~30% when possible.
- Clean reports: Dispute errors, avoid late payments, and maintain on-time history.
Clean credit over time opens access to SBA loans, higher limits, and lower rates.
Paths to accessing $10K–$100K in working capital
Different ranges point to different funding programs. Here’s how the landscape typically breaks down:
- $10K–$25K: Microloans, revenue-based funding, 0% stacking.
- $25K–$50K: Lines of credit, equipment financing, higher-tier revenue programs.
- $50K–$100K: Term loans, hybrid solutions, and stronger revenue requirements.
Loan Pros helps compare multiple lenders and find the right structure for your goals.
Putting it all together before you apply
Before you apply, use this quick checklist:
- Know how much you need and why.
- Have your last 3–6 months of bank statements ready.
- Ensure your contact info is consistent everywhere.
- Decide your priority: lowest payment, fastest approval, or most flexibility.
Clarity helps lenders — and helps your Loan Pros advisor match you with the best offer quickly.