Yes — several financing products are available for startups and businesses under one year old. The key is matching the right product to your stage. Equipment financing is often the most accessible because the asset backs the loan. Revenue-based financing and working capital require at least 3–6 months of deposits.
| Financing type | Business Financing |
|---|---|
| Typical amounts | Term loans $25K–$2M; equipment financing $10K–$500K |
| Decision time | As fast as 24 hours |
| Credit | All credit profiles considered; soft credit pull to start |
| Cost to apply | Zero cost to apply |
| Who we are | A business financing broker. We compare offers from our lender network; we are not a direct lender. |
In detail
Startups can often access equipment financing even before they have significant revenue history. Because the equipment itself is the collateral, lenders place more weight on personal credit (680+ preferred) and the asset quality. A startup with strong personal credit can finance vehicles, machinery, or technology from day one.
In detail
Most working capital products require at least 3 months of business bank account history and consistent monthly deposits. If your startup has been generating revenue for 3+ months, you likely qualify for at least a small working capital advance. Typical amounts at the 3–6 month mark: $10,000–$50,000.
In detail
Without extensive business history, lenders focus heavily on personal credit, business bank account deposits, and sometimes a business plan. The owner's personal financial strength essentially underwrites the loan at this stage. Ensuring you have a business bank account (separate from personal) is the single most important step for a new business owner.
Preparation checklist
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Product paths
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Equipment financing
Working capital
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Do I qualify?
Most business owners who research this topic are eligible to begin a review. Here is what usually qualifies and what owners should not worry about.
Who qualifies
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Yes. For startups, lenders use personal credit as a substitute. A 680+ personal FICO score is the threshold where most startup-accessible products open up. You can begin building business credit (via net-30 accounts and secured business credit cards) in parallel.
SBA loans are available for startups but are difficult to obtain — they require a detailed business plan, personal financial statements, and often some collateral. Processing time is 30–90 days. For most startups, equipment financing or a small working capital product is faster and more accessible while building a track record.
Lenders look at the business registration date, not self-employment history. The practical workaround is to show personal bank statements with consistent income deposits, strong personal credit, and a business bank account. Some lenders will consider the full employment history context.
Written by lendfloCapital Editorial Team · Last updated
lendfloCapital is a business financing broker, not a lender. This page is general information, not financial, legal or tax advice. Rates, amounts and terms depend on the lender and your business.
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