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What is a Startup Loan?

A small business startup loan is any kind of financing aimed specifically towards startups with little to no business history. There are a variety of small business startup loans and financing methods available to new business owners. These range from SBA microloans, business credit cards, friends and family, to crowdfunding. Each have their pros and cons depending on your specific financing needs and the strength of your personal credit score.

Maximum Loan Amount Of $500 to $750,000

Age isn’t everything. You may be pretty new to this small business stuff, but Cheddar Capital knows that you’re going places.

Loan term lasts up to 25 Years

There are several financing options you can choose from: short term loans, SBA loans, equipment financing, lines of credit, business credit cards, and more.

Interest Rates Starting at 0% - 17%

To qualify for a startup loan, you typically need to be in business for at least 6 months and have a credit score of 680 or higher.

Get your cash as fast as 2 weeks

You can apply for your startup loan in the time it takes to pick up your morning latte. Just fill out our easy application and our we will get you the money you need.

Who Qualifies for Startup Loans?

Because there’s no one option for a small business startup loan, we’ll broadly cover the various financing options for startup owners. From SBA microloans, business credit cards, small business grants, friends and family, and crowdfunding. For businesses younger than 6 months, it typically makes sense to pursue one of these small business startup loan options. Businesses older than 6 months (or businesses approaching one year) might have more traditional business loan options available to them, and should consider applying to those instead. The most important factor in all of these small business startup financing options will be your personal credit score: The higher the score, the better your chances of qualifying for an SBA microloan, business credit card, or even a personal loan for business.

How to Apply for a Startup Loan?

The application process for small business startup loans depends on which method of financing you’re applying to. Here’s a breakdown of what to expect with each type of small business startup loan option.

How Do Startup Loans Work?

Cheddar Capital knows the world of business financing can be confusing especially for first-time business owners just striking it out on their own. Getting capital in the form of a small business startup loan is challenging. With no proven business history to show, a startup is the riskiest kind of business to fund. But not to worry, there are a variety of different small business startup loans and financing methods available to new business owners.

What Will a Startup Loan Cost You?

How much financing can you afford? Your startup loan payments are usually determined by four things: your loan amount, interest rate, term, and collateral. These factors can vary substantially depending on the type of startup loan you choose.

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