Unless you have invoices to factor along with forthcoming contracts that are signed and work that can be related on it is in ones best interest to take rejection as a gift. If we apply for a SMall Business loan and are are denied, that is a comforting indication that it's not the time to spend money we don't have.
A payroll line of credit or periodic contractual draws against work performed is the best way to make ends meet while not putting your entity in harm's way.
There are countless sub- prime financing companies with preditory lending practices thtat look and smell like an award winning BBQ whrn mere growing pains are expected and should be embraced. Like growing up as a child it is suppose to hurt. Embrace and grow from it, I ask to not run from it. It will make is stronger and in the future decisions will reflect experience and not umbrella seeking habits. that loan as a wolf in sheep's clothing and often what was once your start - up may soon appear to be the banks start+up. If however you have already made up your mind, and feel the need to out a bandaid on a potential bleeding wound, there are ad I mentioned lenders, , private and hard money lenders that will loan for most anything.with promise of a minimum payment like a maxed out credit card. Please be careful. I made these mistakes and lost a company because Inwas too prideful to ask for help as I felt I knew everything and Inwas wrong. Just because I failed doesn't mean that you will , please be careful.
During contract negotiations the best source of lending is your own money. Baby steps. There are those who lack and those who thrive. Having a business license does not make us business People. Often it equates to a hopeful consumer, with a business license and I have been there too. You can work through these stages of growth without turning your assets into liabilities. That is what start -up capital often equates to. Tht said, if you must please use cried finding and hire a grant writer to write your campaign. This will be the best 500USD you ever spent. Then you have funds that need not be paid back with an impossible interest rate. It takes two years before an entity can stand alone and build credit. . Just be careful to not create a permanent problem to protect yourself from what is often a temporary challenge.. please forgive umy typos and read between the lines...