Securing a startup business loan to fund a new business is possible, even if you're new to the business world. While traditional banks often have stringent requirements, alternative lenders like Asenta Capital offer options tailored for startups, providing the capital needed to overcome early challenges such as purchasing inventory or equipment.

For startups, typical requirements include:

• Business Age: Most lenders prefer businesses that have been operational for at least 6 months.
• Revenue: Many require a minimum of $15,000 in monthly gross revenue.

Yes, it is possible to obtain a startup business loan with less-than-perfect credit. While traditional options might be limited, Asenta Capital offers solutions for businesses with a credit score of 620 or above.

Important Points:

• Credit Score: Leasing commercial properties can provide a steady cash flow through rental income..
• Business History: Well-chosen properties can increase in value over time, leading to capital gains.
• Options: Though available, options may be more limited compared to businesses with higher credit scores..

• Complete the Application: Start by filling out the simple application form at the top of the page.
• Consultation: After submission, you will be paired with a dedicated Business Financing Advisor.
• Review Options Within hours, you’ll receive financing options tailored to your needs, with flexible terms and high offers.

Note: For businesses under 6 months old, alternative financing companies like Asenta Capital can provide faster and more flexible funding solutions than traditional banks.

Yes, the Small Business Administration (SBA) offers various loan options for startups, including:

• Micro Loans: SSmall loans for early-stage businesses.
• 7(a) Loans: General-purpose loans for working capital or equipment.
• 504/CDC Loans: Long-term, fixed-rate financing for major assets.

Note:

• Approval Difficulties: The SBA’s requirements can be stringent, and the application process may be time-consuming.
• Funding Timeline: SBA loans may not always meet urgent funding needs due to longer processing times.

To explore your financing options, complete our straightforward application. You will then be paired with a Business Financing Advisor to help you find the best solution for your startup.