Loans | Business
Getting a business loan can be done. You’ll need usually a good business credit score, or if you’re willing to personally guarantee the loan, a great personal credit score as well.
Most banks won’t fund an idea, or a startup with little or no revenue yet. Most SBA loans are funded so long as the business is established, and the usual loan amount is 10% of annual revenue. So, if your business did 300K in revenue last year, you would qualify for a $30,000 SBA loan.