Business Loans for New Businesses
Financing options for entrepreneurs and early-stage businesses
- SBA microloans & early-stage financing available
- Matched to lenders who specialize in new businesses
- Apply free — no impact to your credit score
At a Glance
Business Loans for New Businesses
Starting a new business is exciting — but securing your first round of financing can feel like a chicken-and-egg problem. Lenders want revenue, but you need money to generate revenue. This guide walks through every realistic financing option for new businesses at every stage of their journey.
Best Loan Options for New Business
We match you to the right product based on your specific situation — not just credit score.
SBA Financing
SBA microloans up to $50K are designed specifically for new and early-stage businesses
Revenue-Based Financing
Once you have 6+ months of consistent revenue, revenue-based financing becomes accessible
Business Line of Credit
Smaller secured lines may be available with strong personal credit and initial business revenue
Business Term Loan
Micro loans are available for businesses with 6+ months and consistent monthly deposits
Tips to Improve Your Approval Odds
Establish Your Business Entity First
Form an LLC or corporation, open a business bank account, and get an EIN before applying. These fundamentals signal seriousness to lenders.
Build Personal Credit Now
Your personal FICO score is your primary borrowing credential when your business is new. Aim for 680+ before applying for your first business loan.
Document Everything From Day One
Keep clean records of all business income and expenses from day one. Good bank statement history accelerates future loan applications.
Consider Bootstrapping Paths
Business credit cards, personal loans, and home equity lines are legitimate bridges while your business establishes its financing history.
Minimum Requirements
General requirements across our lender network. Actual requirements vary by product and lender.
See Your Options — Free
Our free 5-minute application matches you with lenders who specialize in your situation.
- No hard credit pull to check options
- Specialized lenders for your situation
- 75+ lenders reviewed at once
- Free, no-obligation process
Frequently Asked Questions
Can I get a business loan with no revenue?
Traditional business loans require revenue. However, SBA microloans, equipment financing (with collateral), and personal loans used for business purposes may be available. The fastest path to qualifying for a business loan is to generate $10K+ in consistent monthly revenue for 6 months.
What's the easiest business loan to get for a new business?
SBA microloans (up to $50K) and revenue-based financing (once you have 6+ months of revenue) are the most accessible. Both have more flexible requirements than traditional bank loans.
How do I build business credit fast?
Open a business bank account and business credit card immediately. Apply for Net-30 vendor accounts with suppliers. Make all payments on time. Within 12–18 months, you can build a strong Dun & Bradstreet PAYDEX score that unlocks significantly better financing.
Rate Disclosure: APR and total cost of capital vary by lender, loan type, credit profile, and other factors. Rates shown are representative examples only and do not constitute an offer. Actual rates are determined by lenders at the time of application. Applying does not guarantee approval or any specific rate or term.
Ready to Find Your Best Loan Option?
Apply free in 5 minutes. Compare offers from 75+ lenders. No impact to your credit score.