Does anyone have experience with business lending for startups?

intermediary profile

November 08, 2024

by an intermediary in Marlboro, NJ, USA

This question pertains to only startups. I have met affiliates who say they can get a new business approved for a $100K line of credit at 0% interest for###-###-#### months; regardless of a lack of income, no business credit, and with no collateral. These people say that they work with the banks to get you approved and in turn, charge a percentage of the limit they get you approved for. Is this legitimate? If not, where can one go to get a new LLC approved for either a low monthly payment LOC or a business loan, with just a personal credit score of 700?

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Reply by a lender
in Ponte Vedra Beach, FL 32082, USA
^redacted‌ I am able to finance start-ups with SBA financing. Generally startup costs need to be financed with term debt not a loc. We can provide a piggy back loc for true short term needs depending on industry however if your need is long term working capital we can finance accordingly. Please reach out anytime to discuss in more detail###-###-#### or redacted
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Reply by a lender
from University of Missouri in Denver, CO, USA
Hi Amari, ditto on what Brittany said. I finance a ton of start-ups but with SBA program term loans. We can add working capital into your loan. If interested, please reach out. redacted
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