Options for Newer Businesses
Traditional banks often require 2+ years in business. Alternative lenders work with businesses operating just 3-6 months.
Building Business Credit
Separate business and personal finances. Get a business credit card and pay it off monthly. This builds your business credit profile.
Start Small and Build
Your first funding amount may be smaller than you want. Use it wisely, repay successfully, and you'll qualify for more next time.
Documentation for First-Timers
Bank statements, government ID, and basic business information are typically required. Have these ready before applying.
Avoid Common Mistakes
Don't apply everywhere at once (hurts your credit). Don't overstate revenue. Don't underestimate how much you need - running out of capital mid-project is worse than borrowing a bit more upfront.