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Definitely an option, but remember that small business loans generally require collateral and are much harder to come by than VC money if you aren't profitable.
by mdorazio 9y ago
Definitely an option, but remember that small business loans generally require collateral and are much harder to come by than VC money if you aren't profitable. For a startup targeting rapid growth, there often isn't collateral (unless you want to personally guarantee the loan, which brings in all kinds of risk factors), or profit to speak of.