Creator is relentlessly, passionately motivated to deliver a rock-solid product. Asking a bank for a $50k loan to fund a new business idea is perfectly legit.

Creator is relentlessly, passionately motivated to deliver a rock-solid product. Asking a bank for a $50k loan to fund a new business idea is perfectly legit. Sure, there is risk in market assumptions & potential flaws in the model. But that doesn't mean you have to wait for a functional version of the product or market validation in order to begin fundraising. It's your risk to take (and the lenders). That's how you make great strides in business: embracing risk. Besides that - if you're a seasoned, competent entrepeneur with proven success there is a good chance most of your assumptions may be correct. If not, pivots will be made - and nothing can stop the bull-headed determination of a passionately motivated creator ;)