Startups and recently established companies might struggle to qualify for a business line of credit and other types of small business loans. This is because most lenders require businesses to have been in operation for at least one year, sometimes longer, with a solid track record of steady revenue.
Fortunately, some online lenders are willing to work with startups or those with limited or bad credit. Be sure to research these lenders, though, since many prey on vulnerable companies. Spend time reading reviews and asking questions before signing the dotted line.