Startup Business Loans

Get your business up and running.

Amount:

Up to $150,000

Amount:

$20,000 – $350,000

Term:

1 – 4 Years

Amount:

Up to $200,000

Payment Options:

Daily, Weekly or Semi-Monthly Payments

Amount:

$5,000 – $150,000

Term:

1 – 3 Years

Amount:

85% – 95% of Invoice Value

Actual offers vary based on your application information and lender.

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Startup Loans

Startup loans are specifically structured for startup companies or companies who have been in business for less than six months. It can be difficult for a business to get traditional bank loans when you are just starting out and do not have a long credit history. Startup loans are designed to help new businesses get the working capital they need.

Startup Loans at a Glance

Funding up to $150,000
Annual percentage rates of 8% – 20%

Benefits of Startup Loans

High dollar revenue not required
Funding to help jumpstart business
No required minimum time in business

Startup Loans Are Ideal for:

Businesses Open for
Six Months or Longer

Borrowers With Personal
Credit Scores of 680+

Alternative Options for Startup Loans

Equipment Financing

Equipment financing is most commonly a loan (similar to a business term loan) that is used to pay for the purchase of equipment and machinery. It’s often easier to obtain an equipment loan than other forms of business financing, because the equipment is used as collateral for the loan.

Business Credit Cards

Business credit cards are like personal credit cards, but they take into account the revenue of your business in addition to your personal finances. They can help keep your personal finances separate from your business finances, which can be important in the early stages of building your business.

Invoice Financing

If your business gets paid via invoices, invoice financing may be a good funding option. Lenders that offer invoice financing will make a certain percentage of the value of your invoice available to you before the invoice is paid, and either you or the lender is responsible for the collection procedure. When your customer pays the invoice, the rest of the value of the invoice is made available to you, minus a service fee.

Funding from Family and Friends

Borrowing money from family and friends is an option as well, in certain situations. Keep in mind that although this option may be one of the least costly forms of business financing, money shouldn’t come between you and your loved ones, and those lending to you should fully understand the risk of losing their investment.

How The Business Backer Can Help

Since 2007, The Business Backer has been providing hardworking entrepreneurs with financing solutions. In order to help businesses get access to working capital, The Business Backer has its own in-house financial products, as well as partnerships with a number of other trusted financing companies in our True Relationship Network™. Our BestMatch Analysis can help you understand your options with no impact to your credit and no obligation to accept funding. Just answer a few short questions and one of our Funding Advisors will be in touch to help you find your customized solution.

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