I am a startup concrete contractor and in need of capital for equipment and working capital for labor. I have previously been referred to SBA for loan options but the lenders will not lend to startups without 6 months bank statements and/or proof revenue. Additionally the SBA loan options will require 10% equity before loan approval. Do anyone know of lenders who can provide funding for startups with limited capital and short business history?
There are several ways but to be honest, since you are in the starting phase it all depends on personal credit and your debt to income ratio. If you want to set up a time to speak let me know.
I'm having the same issues. I can't even get a business loan from my bank because I've been in business for less than 6 months as well.
With the issues you guys are having…do you guys have a paydex score or any accounts on your business credit? Just curious because I feel I am going to run into these issues as well.
Yes that will be good
