We strongly encourage startups, however, there is an undeniable risk associated with them.  Most SBA 7a lenders in today’s market are not willing to provide financing for startups without real estate collateral.

Some popular options for financing a startup without collateral are hard money loans, credit cards, or a personal loan from a friend or family member. Another option is an SBA Microloan. For details regrading SBA Microloans check out the link at the bottom of this page.

You may be able to refinance this debt with a 10-year SBA term loan once your business has a record of producing revenue. Remember to act responsibly and don’t take on debt if you’re not confident in your ability to repay the debt.