$500-$750,000
Up to 25 Years
As soon as 2-4 Weeks
As little as 0-17%
Transforming your business from an idea into reality can be expensive, but a startup business loan might be exactly what you need to make it happen. Fortunately, we’re here to help you find the perfect one and easily apply.
Be your own startup accelerator with a startup business loan. It’s a financial cushion that can take some unnecessary stress and backbreaking work out of building a business. With it, you can hire staff, lease office space, increase inventory, buy equipment, or simply cover monthly expenses while you’re growing.
A startup loan empowers you to invest in your own business. Instead of giving up equity to investors, a startup loan lets you keep it while providing access to the working capital your startup needs. That means you’ll have the freedom to move into a larger office space or order the inventory you need to fulfill those massive purchase orders that keep rolling in.
Startup loans are awarded based on the business owner’s personal credit history. That’s one of the aspects that makes startup business loans such an accessible financing option for new businesses.
If you have a poor credit history, you may still qualify. Before you commit to a startup loan, you’ll want to consider what’s affected your credit history in the past. If you have a history of late payments, it’s in your best interest to consider whether you can afford the loan and if you can meet the payment schedule. For those looking to build credit, a business credit card can be an excellent fit because it provides access to financing and an opportunity to build credit for your business—and you’re not required to use the capital.
Like any form of lending, your startup small business loans come in all shapes and sizes. Rather than going to friends or family for the capital needed to manifest your dreams, you could consider better options.
Loan Type | Loan Amount | Time to Funds |
$5,000 – $2,000,000 | As little as 24 hours | |
Up to $5,000,000 | 30 – 90 days | |
$1,000 – $500,000 | As little as 24 hours | |
$2,500 – 500,000 | As little as 24 hours | |
| Business Credit Cards | Limit Varies | Just a swipe away |
Before committing to your startup loan, it’s essential you identify your business needs, determine how much you can actually afford, and know exactly what you bring to the table.
Borrowing only what you know you can repay is always a good idea, but it’s especially important when you’re starting a business. Before signing on the dotted line, make sure you’ve calculated how much financing your small business can afford.
In addition to your loan amount, startup loans are determined by your interest rate, term, and collateral. These factors can vary substantially depending on the type of startup loan you choose. You can use our startup loan calculator to estimate your monthly payments.
Any lender that isn’t going to charge you like a loan shark or turn out to be an actual scam will have an interest in your credit score. So you’ll want to have a healthy one of 680 or above before applying.
If your score needs a bit of work, there are tools and methods to build your business credit before applying.
Apply for a startup loan in the time it takes to pick up your morning latte. Fill out an application in minutes and compare startup loan options from our network of 75+ premium lenders.
The process to get a startup loan or something exciting like an SBA or government loan can be a stressful venture. Fortunately, rather than spending days or weeks hunting for the right loan, you can easily apply through Lendio, and we’ll help you choose the best startup solution for your unique situation.
Loan types and amounts vary depending on your situation. Through Lendio, you can find loan options that offer up to $2,000,000. With that chunk of change, you could build the business of your dreams, but the first step is to apply.
While some loans may require some money upfront, you likely won’t need to worry about that with many of your startup lending solutions. That said, the best way to know for sure is to get your free application in and speak to one of our loan experts.
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California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through Lendio Partners, LLC, a wholly-owned subsidiary of Lendio, Inc. and a licensed finance lender/broker, California Financing Law License No. 60DBO-44694.
