Here are several financial entities that offer start-up loans to new businesses. I’ve included the basic requirements for qualifying for a loan and provided links to each entity’s website:

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1. SBA (Small Business Administration) (Start Up Business Loan Provider)

• Description: The SBA offers several loan programs, including the popular 7(a) loan program, which is often used by startups. While the SBA itself doesn’t lend money, it guarantees loans made by participating lenders.
• Requirements:
  • Business must be officially registered and operate for profit.
  • Must do business in the U.S. or its territories.
  • Must have invested equity (time or money) in the business.
  • Must demonstrate the need for a loan.
  • Creditworthiness and the ability to repay the loan are essential.
• Link: SBA Loans

2. Kiva (Start Up Business Loan Provider)

• Description: Kiva offers 0% interest loans up to $15,000 to small business owners in the U.S. These loans are crowdfunded by Kiva’s community of lenders.
• Requirements:
  • Must demonstrate a strong social impact.
  • Need to invite personal contacts to lend to your campaign before it is public on Kiva.
  • Business must be based in the U.S.
  • No minimum credit score is required.
• Link: Kiva

3. Accion Opportunity Fund (Start Up Business Loan Provider)

• Description: Accion Opportunity Fund is a nonprofit organization that provides affordable loans to small business owners, particularly those in underserved communities.
• Requirements:
  • Must be a U.S. resident.
  • The business should demonstrate the ability to repay the loan.
  • Must provide a business plan and projections.
  • Personal credit score is considered.
• Link: Accion Opportunity Fund

4. Lendio (Start Up Business Loan Provider)

• Description: Lendio is a loan marketplace that connects small business owners with various lenders. They offer start-up loans among other types of financing.
• Requirements:
  • Must provide basic business and financial information.
  • Business plan and projections might be required.
  • Credit score and ability to repay the loan are considered.
• Link: Lendio

5. OnDeck (Start Up Business Loan Provider)

• Description: OnDeck provides loans to small businesses, including lines of credit and term loans. They have a fast approval process and offer funding quickly.
• Requirements:
  • At least one year in business (may vary for start-up loans).
  • Minimum credit score of 600.
  • Annual revenue of at least $100,000.
• Link: OnDeck

6. Fundbox (Start Up Business Loan Provider)

• Description: Fundbox offers lines of credit to small businesses, which can be a useful source of funding for start-ups needing flexible cash flow.
• Requirements:
  • At least 6 months in business.
  • Minimum annual revenue of $100,000.
  • Personal credit score of 600 or higher.
• Link: Fundbox

7. Funding Circle (Start Up Business Loan Provider)

• Description: Funding Circle offers loans to small businesses with competitive interest rates and fixed monthly payments.
• Requirements:
  • At least 2 years in business.
  • Minimum credit score of 620.
  • No recent bankruptcies.
• Link: Funding Circle

8. BlueVine (Start Up Business Loan Provider)

• Description: BlueVine provides lines of credit, invoice factoring, and term loans. It is known for its quick funding process and flexibility.
• Requirements:
  • At least 6 months in business.
  • Minimum credit score of 600.
  • Annual revenue of at least $100,000.
• Link: BlueVine

9. StreetShares (Start Up Business Loan Provider)

• Description: StreetShares provides loans and lines of credit primarily to veteran-owned businesses but also to other small businesses.
• Requirements:
  • Must be in business for at least one year.
  • Minimum credit score of 600.
  • Annual revenue of at least $75,000.
• Link: StreetShares

10. Prosper (Start Up Business Loan Provider)

• Description: Prosper is a peer-to-peer lending platform that provides personal loans that can be used for business purposes, including start-ups.
• Requirements:
  • Minimum credit score of 640.
  • Debt-to-income ratio below 50%.
  • No bankruptcies filed within the last year.
• Link: Prosper

Summary: Start-up business Loan Providers

These financial entities offer a range of start-up loans, from micro-loans to more substantial funding.

The requirements vary significantly, with some focusing on creditworthiness, business history, and revenue, while others may consider business plans, projections, and the social impact of the business. Visit the provided links to explore each option and find the one that best suits your start-up’s needs.

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