Start Up Business Loans
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A start up loan, also known as a starter loan, refers to funding for new businesses with little to no history or work capital. • Learn more: https://www.lendgenius.com/business-l... • 💡💡💡 • • So, you’re pursuing your dreams and starting a business—good for you! • But did you know that even first-time business owners can qualify for a small business loan to help with startup costs? • Here’s how: • In the absence of revenue history, the most important factors lenders will look at is your personal credit score and collateral pledged. • In some cases, collateral is built into the loan, like with equipment financing. • Other times, you may be asked to pledge real estate, vehicles, or inventory to secure the loan and obtain a competitive interest rate. • Startup funding is also available in the form of business credit cards, credit line builders, SBA loans, non-profit microloans, personal loans for business use, and more. • If the idea of pledging collateral makes you uncomfortable, you can still get the startup funding you need via business credit cards and credit line builders. • And let’s not forget about the Small Business Administration… • Reserved for small business owners that have had credit problems in the past, loans through the SBA are typically small, under $20,000, but they also have relatively low interest rates. • Additionally, there are nonprofit lenders who exist to spur economic growth-- not profit from your debt. • If you or your business is aligned with the nonprofit mission, you could qualify for a microloan with a low APR, plus added benefits like free training and consulting programs. • One final option that most business owners don’t know about: • Personal loans can be made available for business purposes too, and they are way easier to qualify for compared to business loans. • Don’t you look smart? • 💡💡💡 • • We’ve created a free platform that allows you to pre-qualify for funding with one simple form, and compare multiple business loans side-by-side. • Now That’s Genius. • • Learn more about LendGenius and how we can help your business. - https://www.lendgenius.com/ • 💡💡💡 • Subscribe Here: / @lendgenius • LendGenius Facebook: / lendgenius • LendGenius Twitter: / lendgenius • LendGenius Instagram: / lendgenius • LendGenius Google Plus: https://plus.google.com/b/11433956059... • LendGenius Linkedin: / lendgenius
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