How can a startup loan accelerate my small business?

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.

Can I get a startup business loan with bad credit?

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.nnIf 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.

How do I get a startup or government loan to start a business?

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.

What is the average business startup loan?

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.

How much of a deposit or down payment do I need for a business loan?

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.

Small Business Loan Reviews

Business Loan Reviews

Ready to apply for a loan? Lendio works with 75+ lenders to find the right option for your business. Click “Apply Now” to fill out our simple application.

How much money do you need?

How to compare financing options.

Look at minimum qualifications: Most lenders have minimum requirements for time in business, monthly revenue and credit score. If you need funding right away, look for lenders that match your current situation. If not, make a plan for how you can meet those requirements.

Consider timing: Some loans offer a very fast turnaround while others will take longer to get approved for. Also, look at term length. If you’re looking for short-term coverage of cash flow, a line of credit with a term of days or weeks could work. For larger investments, a term loan of several months or years could be best.

Consider the full cost of the loan: Business loans often come with varying interest rates, factor rates and standard fees along with varying collateral and down payment requirements.

How to apply for a loan through Lendio.

Sure, you can go the bank route with a long application process and 75% rejection rate. But if you’re looking for financing in this lifetime, Lendio offers a faster, easier application process.

STEP
1

Fill out the 15-minute online application.

It’s secured with bank-grade encryption and SSL technology, so you know your information is safe.

STEP
2

Receive matches.

We pair you with loan options from our network of 75+ lenders. Our dedicated funding managers can help you weigh the pros and cons of each option.

STEP
3

Get funded.

Once you’re approved, you’ll be able to access your capital in as little as 24 hours.

Apply Now

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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. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Filling out an Application for business funding, and submission to our funding partners will not impact your personal credit score, but, depending on the product, accepting an offer may result in a hard inquiry.
Time to fund depends upon the product that you select, and can be as little as 24 hours, but may be longer.
Funding amounts and number of total loans funded include loans funded under the Paycheck Protection Program.

Fast and simple from start to funding.

Fast and simple from start to funding.

Small Business Lending Index

Small Business Lending Index

Business Loan Reviews

How much money do you need?

Read all of our lender reviews.

How to compare financing options.

Read our selection of best small business loans.

How to apply for a loan through Lendio.

Fill out the 15-minute online application.

Receive matches.

Get funded.

Compare loan options from multiple funders.

Applying is free and won’t impact your credit.

Talk to a rep at (855) 853-6346
Mon-Fri 7:30am-5pm MST

Fast and simple from start to funding.

Fast and simple from start to funding.

Small Business Lending Index

Small Business Lending Index

Business Loan Reviews

How much money do you need?

Read all of our lender reviews.

How to compare financing options.

Read our selection of best small business loans.

How to apply for a loan through Lendio.

Fill out the 15-minute online application.

Receive matches.

Get funded.

Compare loan options from multiple funders.

Applying is free and won’t impact your credit.

Talk to a rep at (855) 853-6346Mon-Fri 7:30am-5pm MST

Talk to a rep at (855) 853-6346
Mon-Fri 7:30am-5pm MST