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Yeah pretty much unless you wanna guarantee the whole loan amount with personal collateral. Loan underwriters want to see lots of things most startups don't hav
by staticautomatic 8y ago
Yeah pretty much unless you wanna guarantee the whole loan amount with personal collateral. Loan underwriters want to see lots of things most startups don't have, like positive cash flow, operating history, and credit history.
- charlesdm 8y agoThe question is, are these guys going to give you a loan without positive cash flow or a clearly working model? If you can prove it works then it's generally not hard to raise the money.