Loan Amounts from $75k to $15M
Low-Documentation, Stated Income
Terms up to 30 years
No income verification. Flexible underwriting.
Getting enough capital to start your business can seem like a difficult task nowadays! Most traditional banks want an immense amount of documentation, venture capitalists want large equity stakes, and alternative lenders want nothing to do with businesses who've been operating for under a year; it's simply not right!
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Here at Startup Business Lenders (a division of FundingPilot) we have a different perspective. We believe in small business owners, your vision, and know that everyone needs a little help turning their dreams into a reality; it's the precise reason why we cater to Startup Business owners like yourself. We know that one of the main challenges of starting a new business is finding the right amount of capital, and with terms that make sense.
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We also understand that there are two different types of startup businesses, Pre-Revenue and Early-Revenue, which is why we have tailored two startup business lending programs for each scenario to ensure you're paired with the best and most appropriate startup lending program; a Startup Business Loan and a Startup Business Line of Credit.
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SECURED BUSINESS LOAN GUIDELINES
Secured Business Loans use real estate as collateral to secured your startup funding. The benefit is that a Secured Business Loan offers much higher loan amounts (up to $15 million) and is much more flexible regarding minimum credit score requirements which is currently at 600. Please review the below program overviews to determine which option is best suited for your scenario. As always, if you have any questions please don't hesitate reaching us directly at 888-860-2844.
Secured Business Loans for Startups
​Minimum Loan: $75,000
Maximum Loan: $15,000,000
Terms: up to 30 years
Rates: 8.75% +
Payments: Monthly
Approval Time: 3-5 business days
Time in Business: No minimum
Industries: All industries are eligible
Credit Score: 600+
Residential Investment: Single Family, Multifamily, Condo
Commercial: Multifamily, Mixed-Use, Retail, Office
Lending Territory: Alabama, Alaska, Arkansas, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kentucky, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Things to know:
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​ NO income verification
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NO tax returns or financials
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NO application fees
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NO minimum time in business
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Funds must be used for "business" or "investment" purposes
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Residential properties must be investment / rental (no primary)
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Property must be in good condition, no major repairs
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Property valuation is based on "As-Is" value
