Why Can’t Startup Businesses Get Bank Financing? – NerdWallet

Startup businesses can get financing from a variety of lenders, but bank loans are typically off the table for businesses with very little revenue and time in business. Banks shoulder some level of risk when they lend funds to any business, but startups are especially vulnerable to defaulting on loan payments because they’re still putting down their roots.

Building a company from the ground up is part of what makes startups so exciting though, and alternative forms of funding can help bring entrepreneurs’ visions to fruition. Rather than consulting banks, startup businesses may be better off exploring business credit cards, microloans, online loans and personal loans.

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