A startup loan empowers you to invest in your own business. Instead of giving up equity to investors, a startup loan maintains your equity while accessing the working capital your startup needs so you can move into that larger office space or order the inventory you need to fulfill those massive purchase orders that keep rolling in.

• Startup loans are awarded with an emphasis 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.
• If you have a poor credit history, you may still qualify. Before you commit to a startup loan, you may 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 this 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.