Financing your New Business

​​Know what Lenders Want

Start-Up Help
​​​

image by Ali-morshedlou

thank you scott graham

​Traditional Lending: "Tips"

• Most banks require a 30% to approve a loan
• Must show how you Can repay 
• Most banks require Collateral
• Know the Mind-Set of the Lender - Talk to your Financing-Coach 

image from joshua hoehne

​Non-Traditional Lending "Tips"

• More options for Financing new business i.e. Start-Ups
• Some offer Unsecured Loans 
• Some offer Lines of Credit 
• Credit Score is Important            - Talk to your Financing-Coach before you decide

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​Looking for Financing