Frequently Asked Questions
Questions often asked about business funding
What is business funding?
Business funding is money that helps your business start, grow, or operate. It covers things like inventory, equipment, payroll, or marketing. Funding can come from loans, credit cards, grants, or investors—and keeps your business running without using personal savings.
How do I choose the right funding?
- For large purchases: Go with a loan—perfect for equipment, hiring, or expansions.
- For flexible use: Try a line of credit or credit card for short-term or unexpected costs.
- For startups: Explore grants, microloans, or credit cards to get started.
- To build credit: Use loans and cards consistently and wisely.
Tip: Loans are best for major, planned investments. Credit options offer flexibility for day-to-day expenses.
Can I get business funding with bad credit?
Yes! Even with less-than-perfect credit, you still have options:
- Alternative lenders look at your business income and cash flow.
- Secured loans use assets as collateral.
- Revenue-based funding focuses on your monthly earnings.
- Credit-building cards improve your credit while managing costs.
- Grants often don't consider credit at all.
Funding is still possible—and a great way to rebuild credit along the way.
How much funding can I qualify for?
The amount you qualify for depends on a few key factors:
- Business revenue: Lenders often base funding amounts on your monthly or annual income.
- Credit history: A higher score may increase your options and limits.
- Time in business: The longer you've been operating, the more you may qualify for.
- Collateral (if needed): Offering assets can increase approval odds and loan size.