Startup Funding

What is startup funding?

Today’s ever-evolving technology allows many types of startups to streamline their initial costs. However, regardless of the size, to compete in a legitimate marketplace, there will be a need for an initial injection of capital, no matter the industry. For most startups, this can be used for acquiring commercial space, recruiting talent, leasing or purchasing equipment as well as an infinite number of line items.

Top 5 Benefits

Not be reliant on profits
Save on operating costs
Keep a set cash flow
Recruit optimal talent
Cover equipment costs

Startup Funding Qualifications

Time in business 3 months (Minimum)

Monthly Revenue $5k (Minimum)

Business Bank Account (Required)

No Minimum Credit Score Required

Basic points to consider when applying for startup financing

Regardless of how sound your business idea is, startups are basically unproven entities in the financial backers’ eyes. For this reason, a solid startup business model is an absolute necessity when approaching traditional lenders for loans or investors to financially back your vision.

Understanding: Demonstrate a need in the marketplace that your business can fulfill.
Resources: Explain the proprietary technology or product your company brings to the table.
Data: Provide data and analytics that help support your business model.