Financing for Start-Ups: Can You Get Approved With Limited Credit History?

If you’ve just started your business, you already know one thing: banks aren’t always eager to lend. Many lenders want to see years of financial history before approving equipment financing. So, does that mean start-ups are out of luck? Not at all.

Here’s the truth — while it can be tougher, financing for new businesses is possible. You just need to know how to approach it.

1. Be Ready to Share Your Story

Start-ups often don’t have long credit histories, so lenders look for the bigger picture. A solid business plan, industry experience, or signed contracts can help show you’re serious.

2. Personal Credit Still Matters

Without much business credit, lenders will often look at your personal credit. Keeping it in good shape can go a long way toward getting approved.

3. Expect Different Terms

Start-up financing sometimes comes with higher rates or shorter terms. But as your business grows and builds credit, better options open up.

4. Work With a Broker

This is where a broker makes a big difference. We know which lenders are open to working with newer businesses — and how to package your application so you have the best chance of approval.

Bottom line: Even if you’re new, you don’t have to wait years to get the equipment you need. With the right approach (and the right broker), financing can help you hit the ground running.