Startup Business Loans

Congratulations on your decision to start your own business! As you may already know, one of the biggest hurdles for would-be entrepreneurs is to find the capital to start their business.  People have great ideas all the time, but in order to make money, you need to have money to start.  Of course there are organizations that can offer startup capital, but many of them limit the types of businesses they will lend to.  Startup businesses are defined as being in business 2 years or less.  There are several different startup loans we offer:

  • Startup capital based on personal credit
    •  Must have 680 credit score or better
    • Must have established credit
      • Good mix of revolving tradelines and installment loans
      • Low inquiries
      • Low revolving credit usage
  • Startup capital based on cash flow
    • Must be in business at least 6 months
    • Must be able to provide last 3 months business checking statements
    • 500 credit score or better required
  • Startup equipment loans and leases 
    • Must be able to put at minimum first and last months payments down upfront
    • 625 credit score or better
    • Application only up to $50,000

As you can see, there are several types of startup loans.  Which one applies to you?  If you’re not sure, please contact us on the form below, or call 619-333-1300.  We would be happy to go over your options.

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