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Loan Amount

Up to 1 year

Interest Rate

0-17%

Loan Term

$500-$750,000

Funding Time

As soon as 2-4 weeks

Security

Often required collateral

Give Wings to Your Startup and Fulfill the Dream of Becoming a Successful Business

Startups often need funds to buy equipment and inventory, hiring talents, or cover operational costs. Whether you are in the startup phase, have been in the business for a while, or just need to ensure positive cash flow, access to startup loans is a vital component for your dream business to grow and thrive. Securing startup funding is one of the best ways to build business credit, retain ownership, and protect personal wealth. Keep doing it your way, and Smansha will help you find and choose the best startup loan offers and secure the amount you need.

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What is a Startup Business Loan?

A startup business loan is any kind of funding taken by individuals who want to start a new business, or a young business looking to expand its current operations. Startup funding comes in many forms, including (but not limited to)

SBA Microloans

Business Credit Cards

Friends and Family

Crowdfunding

Equipment Financing

Government Grants

Venture Capitalists

Get to Know More about Startup Business Loans

How can a startup loan help you accelerate
your small business?

Startups often have poor credit, no business history, and cash flow to lend favourable loans through traditional banks. Since you can’t qualify for the loans, you face a lot of difficulties including an inability to expand operations or increase supply to meet demand. A startup loan gives power to you to invest in your small business to meet various unique financial needs. It can help you grow, refine, and push your business towards a brighter future. Moreover, a startup loan can prove to be a great decision if you’re running an emerging startup business and need some extra cash at your disposal.

How a startup business loan can be used?

Acquire more equipment or inventory

Marketing and branding your small business

Cover operational costs

Improve your customer experience

Purchase equipment and inventory

Pay wages and rent

Hire employees and payroll

No matter what situations you are using startup funding, you’ll want to get the best terms possible. With a plethora of lenders from across the country, Smansha is able to match you with the best startup loan providers for your specific financial needs.

How to apply for a startup loan with Smansha?

Applying for a startup loan with Smansha is as easy as a pie. Free Sign up with our secure and innovative lending platform to get started for safe and worry-free funding. Compare loan options from our partners of 40+ lenders to find the perfect funding for your business. Receive your funds within 24 to 48 hours (on approval).

What are the common requirements for a startup loan?

Though the qualification criteria for startup loans vary from lender to lender, here are some
basic requirements for a startup business loan:

A personal credit score of 680 or higher

6 months or more in business

Updated business plan

Additional Collateral (some cases)

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Features and Benefits

Fast Approval Process

Set up an account with Smansha right away to launch your startup to greatness. At Smansha lending marketplace, our lending partners will help you get a quick approval within 48 hours.

Repayment Tenor

Easily repay your Startup loan as per your business’ cash flow. The tenor can be up to 25 years.

No hidden charges

There are some loan hidden charges that banks don’t tell you. At Smansha, we think you deserve loan charges that are clear and transparent – with no hidden costs.

Affordable

Startup loans offered by our lending partners have nominal fees associated, making them light on your pocket.

Find the Best Deal

Smansha helps you compare interest rates, terms, and payments for a variety of lending options, so you can choose the one that meets your business's unique financial needs.

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Funding?

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  • Where to get funding for small businesses and start-ups?
    • From SBA Microloans to Business Credit Cards, Equipment Financing, Invoice Financing, Crowdfunding, Venture Capital, Grants, and Friends and Family Loans, there are a variety of different small business startup loans available to young entrepreneurs.
  • Can I get a startup business loan with bad credit?
    • When lenders evaluate startup loan applications, they also consider business owners’ personal credit history to make the final decision. That’s one of the aspects that makestartup loans a great financing option for new businesses. Depending on the type of startup loan you’re applying, you may qualify with bad credit. Whether you are looking to purchase equipment, pay wages to employees, or invest in assets, a business credit card is your ultimate solution in any bad credit situations. Moreover, for those looking for working capital to start their dream business and want the ease of having regular access to cash flow and financial flexibility in the form of credit, a business credit card might be a perfect solution.
  • What are the common requirements for a startup loan?
    • Though the qualification criteria for these types of small business financing vary from lender to lender. Here are some basic requirements for a startup business loan:
    • 1. A personal credit score of 680 or higher
    • 2. Minimum of 6 months in business
    • 3. Updated business plan
    • 4. Additional Collateral (some cases)
  • How to apply for a startup business loan with Smansha?
    • Applying for a startup loan with Smansha is a quick and easy process! The simplest way to apply for an SBA loan is right here on our site. Sign up and submit your business’ general information with our secure and innovative lending platform in just a few minutes and receive funds in just 24-48 hours once approved.
  • What documents might you need to prepare before you apply for a startup loan?
    • The following are some of the many common documents you need to apply for a startup loan:
    • 1. Financial business plan
    • 2. Driver’s License
    • 3. Employer identification number (EIN)
    • 4. Business bank account statements
    • 5. Bank account number
    • 6. Personal credit Score
    • 7. Business financial statements
    • 8. Equipment quote
  • What situations you can use startup loans for?
    • Startuploans can be used for a variety of business purposes, from acquiring more equipment or inventory, covering operational costs, purchasing or constructing a real estate, hiring employees, and expanding business operations.
  • Why Consider a Startup Business Loan?
    • Taking your startup ahead and affording initial business expenses require enough capital such as equipment, inventory, staff, payroll, rent, and other day-to-day expenses. Having startup funding can help you grow, refine, and push your business towards a brighter future. So if you’re running an emerging startup business and need some extra cash at your disposal, applying for a startup business loan can prove to be a great decision.
  • How much I can borrow with a startup loan?
    • Depending on the types of startup loans you’re applying, these financing options are available from $500 to $50,000 but final amounts are agreed based on need and will be determined by your business plan.
  • What is the interest rate on a startup loan?
    • Again, depending on the types of startup loans, the interest rates are generally observed from 5% to 14%.