Startup Business Loans
Launching a new business is both exciting and challenging. Every startup needs capital to get started, but entrepreneurs usually do not have enough of their own money to finance a startup business, so they must borrow it from banks and other lenders.
Cap4Growth can help entrepreneurs secure startup funding from banks and other lenders. Loans are repaid with interest over a specified period of time.
SBA 7(a) Loans
SBA loans are issued by banks and other lenders and can be used to start, acquire or expand a small business. Borrowers must apply through a participating lender institution.
Certified Development Company (CDC) 504 Loan Program
This loan program provides startups with long-term, fixed-rate financing for major fixed assets, such as land and buildings.
Some startups do not require a lot of money to get up and running. Micro lenders and other nonprofit community-based lenders make loans to available in amounts from $5,000 up to $50,000.
What you will need
To qualify for a start-up loan, borrowers must share personal credit history and a business plan that includes information about the company and how you plan to use your capital. Lenders will look to determine if you have a solid credit score, business experience, collateral and any licenses required to run the business.
Regardless of industry, size or location, all businesses need capital to grow. Cap4Growth can help you get capital to get your business up and running faster and help guide you along the way.