Banks are in the business of taking very calculated risks. They already typically have high eligibility requirements for their more traditional business loans, and startups don’t tend to meet their requirements for time in business or revenues.   Some will lend to startups, but if they do they will usually require excellent personal credit scores, a solid business plan with financial projections and they will likely require a personal guarantee.  One way that a startup can secure a loan is through a strong collateral arrangement, which could include a personal asset like your home or personal savings. It’s also easier to get a startup loan if you have a track record in another business that’s been successful, or if you have professional expertise in a low-risk industry (for example, a dentist or medical professional opening her own practice.)