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Apply for a personal loan to fund your entrepreneurial ideas.

BUSINESS FUNDING

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Startup Business Loans

Startups business have unique needs when it comes to financing. Our loan program includes lines of credit and unsecured term loans for startups, entrepreneurs, or existing businesses. You will be prequalified in a few hours and funding will take place in as little as 5 days. Our process is simple, fill out an online application, select your offer, and get funded! If you have questions before you start the process feel free to call our office during business hours and a loan consultant will guide you through the process.

For Your Business Through Startup Business Loans

If you have an idea for a business, one of the most critical factors in turning this into a reality is a startup business loan. Obtaining working capital to grow a new company will help you to grow more quickly. Some lenders consider a “startup business loan” to be funding for a business with less than 2 years of operation. But more commonly, people refer to a business that has not been formed yet and is just about to open. Fortunately, we offer working capital for both situations.

Are There Really 'Startup' Loans For Businesses?

Most entrepreneurs who are at the very beginning of opening a company get the funding either from their own savings or credit cards or from friends or family who decide to invest in the business. They then work to build the business on their own before applying for a loan. With GoKapital, we can offer startup financing if you have demonstrated a strong credit history over a few years, with multiple established tradelines. This funding can be in the form of installment loans or lines of credit. You can learn more about the benefits of startup business loans by reading this article.

What Are The Best Ways To Use An Unsecured Business Loan?

A loan is intended to grow a business, but how? You need to consider which investments you make with your loan funds will yield the most productivity, and thereby yield more revenue because you will have to repay your loan. Here are the main assets companies purchase using business loans.

1. Equipment Financing

Every business will need equipment to function whether it’s heavy-duty machinery for construction or just new printers for the office. Getting new equipment or upgrading old equipment usually costs money businesses don’t have in their cash reserves. There are business loans specifically intended for equipment purchasing, and they might be used for full upfront purchase of equipment, or you might end up leasing your equipment. Another benefit of our personal business loans is that we will not hold a lien against your new equipment.

2. Real Estate

Commercial real estate mortgages usually won’t be used until a business has been around for a while, and has reached the point where they know they’re ready to open more locations and buy up more property. But real estate is by far the biggest asset a business can own, so when it’s time to go big and purchase it, you will want to have all your T’s crossed and I’s dotted. But just as with residential real estate, you could make a great property purchase for your business and see the value go up in the future. Our loans can be used as a down payment or even property improvements.

3. Hiring New People

Starting or growing a business usually cannot be done without hiring more managers and employees, and it almost certainly takes cash flow to accomplish that. But the decision on who you hire may be the biggest make or break for your business, and hence can impact your overall ROI. We understand the struggles entrepreneurs face when it comes to working capital, that is why all our business loans have a streamed line process and can provide offers in 24 hours.

4. Marketing

Marketing probably shouldn’t be the primary purpose to get a business loan, but if you have funds to allocate towards it, it can certainly pay off big for your business. You might decide to hire a marketing team or outsource your marketing department to a third party agency. But either way, you’ll want your business loan funds well-spent on a savvy marketing strategy. Marketing is key for successful businesses new or existing, nowadays thanks to advances in technology advertising is less expensive and more effective.

Funding For Any Reason

Pre-approved in 24 Hours

Easy process. Quick funding. Does not affect your credit score.