The dividing line
If your business is operating and depositing revenue — even for only a few months — there is something to underwrite. Deposit-based funding does not require pledged assets because the deposits themselves are the evidence.
If there is no revenue and no operating history, there is nothing to size an offer against. That is not a credit judgement; there is simply no data. Pre-revenue businesses are generally better served by grants, investors or personal resources.
What is realistically available with revenue
What helps a newer file
Being straight about cost
Unsecured funding for a newer business is priced for the risk being taken. It is more expensive per dollar than secured or bank funding. That is a fair trade when it lets you take an opportunity you would otherwise miss, and a poor one if you are borrowing without a clear use.
Common questions
Can I get funding with no collateral?
Yes, if the business is generating deposits. Deposit-based funding is unsecured and sized against revenue.
How new is too new?
There is no published cutoff, but there needs to be enough deposit history to size an offer — a few months at minimum.
Do sole proprietors qualify?
Yes. Non-profits do not, and at least 50% ownership is required.
What if my credit is thin?
A newer credit file is read alongside deposits and time in business. Scores in the 500s are placed routinely.
See what you qualify for
Same-day decision. Applying takes a few minutes and will not affect your credit score.