Finding the money to finance a startup is one of the toughest tasks a new business owner can face. While you might have an extraordinary idea for a business, and even a solid business plan, you may not qualify for a traditional loan. Many financial institutions generally don’t lend money to businesses without an abundant credit history, a proven track record of at least two or three years, and/or an owner’s equity stake in the business.
Why are startup business loans so hard to come by? For one thing, lending money to startups is considered riskier than to established businesses because without evidence of a company’s ability to succeed, there’s a smaller chance the business will be able to repay the loan. However, Dealnode Finance can help fund your startup business.
We commit to connecting you with an approved lender. We also made the process simple. No need to visit hundreds of websites and fill out numerous paperwork.