> Banks absolutely hate to lend to businesses with few or no assets Pretty much! My tech startup couldn't raise funding, morphed into a consulting business, a

> Banks absolutely hate to lend to businesses with few or no assets Pretty much! My tech startup couldn't raise funding, morphed into a consulting business, and couldn't borrow money. We had to grow entirely out of cash flow, which was both liberating and terrifying. The only credit available to us was personal credit cards. We might have been able to get approved for a small line of credit, but it wouldn't have been large enough to make a difference, depending on it would have been risky. A few thoughts on trying to cash when you're bootstrapping: - if you've got personal assets & a willingness to put them up as collateral, you can do that - you can borrow against accounts receivable, so if you're always sitting on $100,000 worth of A/R, a bank might lend you some percentage of that amount - having someone on your team develop a relationship with a regional bank can help, because although they can't offer you any sort on liberal financing, they can tell you what you need to do to get it eventually (unlike a mega-bank, which usually doesn't have much of an imagination when it comes to offering you financial products to choose from