Many lending programs are limited to businesses that are located in specific neighborhoods. Other programs are targeted to women, or minority, owned firms. Again, it's important to determine at the outset whether your business meets the required criteria. By using the Programs Locator , you can identify those programs that fit your criteria. Lines of credit can be obtained for smaller amounts.
Most conventional lenders are fairly conservative in financing business start-ups.
Conventional lenders will most likely require a meaningful equity investment and personal guarantees from the principals and, possibly, additional collateral. These lenders will also require detailed financial documents. Don't be shy about getting help. Give some thought to which lender to approach first. Make sure you're prepared with the necessary documents and back-up materials before you approach an institution.