Business loans for startups do exists, but they can be difficult to find. It isn’t as cut and dry as it is when you are an already established business. Everything from finding a lender to the application process can be more complicated.
Trying to figure out fundability meaning is a like a game, but it’s hard to find a complete set of rules. Once you know the rules, you can play like a champ and ensure your business is as fundable as possible.
There is so much involved with how to qualify for a business loan. It helps to see it broken down to where it isn’t so overwhelming. It all starts with fundability, then decisions have to be made on which lenders to use and what products to apply for. From there, it’s all up to the business plan.
Lenders look at way more than you probably think when they are considering business fundability. There are a ton of factors that can affect it, both directly and indirectly. Knowing what matters, and what doesn’t, can help you build strong fundability so you can what you need when you need it.