Startups & newer businesses

Not quite funding-ready? Let's change that.

Many businesses aren't turned away because of a bad idea, but because of missing documentation or limited credit history. These steps can help.

1
Separate business and personal finances
Open a dedicated business bank account and run all business income and expenses through it.
2
Formalize your business
Register your legal entity, obtain an EIN from the IRS, and keep your business information consistent everywhere.
3
Start building business credit
Establish accounts that report to business credit bureaus, and pay every bill on time.
4
Organize your financials
Keep up-to-date bookkeeping, a profit and loss statement, and a balance sheet.
5
Document your plan
Be ready to explain how much you need, what it's for, and how it will be repaid.

Learn more about our business credit building program.

Let's find the right capital for your next move.

Apply in minutes through our secure application portal, or talk it through with a LendNova funding specialist.