Startup Loan
You’ve got the startup, now get the funding.
Let's get started.
Loan Amount
$500-$750,000
Loan Term
Up to 25 Years
Time to Funds
As soon as 2-4 Weeks
Interest Rate
As little as 0-17%
Launch your startup to greatness.
Starting a business comes with costs. Enter: startup loans, the business loans specifically designed to help finance the next big thing. Securing a startup loan is better than giving equity away to investors or borrowing cash from family and friends. Keep doing it your way, and we’ll help you access the capital you need.
Get to Know Startup Business Loans
Be your own startup accelerator with a startup business loan. A financial cushion can take some of the unnecessary stress and backbreaking work out of building a business. A startup business loan can enable you to hire staff, lease office space, increase inventory, buy equipment, or simply cover monthly expenses while you’re growing.
How can a startup loan accelerate your small business?
A startup loan empowers you to invest in your own business. Instead of giving up equity to investors, a startup loan maintains your equity while accessing the working capital your startup needs so you can move into that larger office space or order the inventory you need to fulfill those massive purchase orders that keep rolling in.
Can you get a startup business loan with bad credit?
Startup loans are awarded with an emphasis 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 may 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 this 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.
Requirements for a Startup Loan
Typical requirements for a startup loan:
- Credit score of 680 or higher
- 6 months (or more) in business
Most lenders will also want to see if you have experience in a field related to your small business startup. Some lenders may require you to secure your loan with collateral, which can include assets like a car or a house.
How to Apply for a Startup Business Loan The Lendio Way
Apply for a startup loan in the time it takes to pick up your morning latte. Fill out a single 15-minute application to compare startup loan options from our curated network of 75+ lenders.
Know How Much You Can Afford
Borrowing only what you know you can repay makes good sense at any time, 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.
I recently started a small inventory-based business and needed financing to help cover startup costs. Lendio and its representatives came through for me in spectacular fashion. I was able to obtain both business and personal credit lines that allowed me to order merchandise to be fully stocked ahead of our opening. It did not stop there, though! They offer counseling to maximize my credit profile to ensure I can continue obtaining financing as my business grows. The confidence with which Lendio handled my application was a relief. Thanks for everything!
Jose Q.
