Q8. “Can I get funding if my company is a new start-up?”

Home FAQs Q8. “Can I get funding if my company is a new start-up?”

Q8. “Can I get funding if my company is a new start-up?”

Of course you can!

However, bear in mind that most banks would not finance newly incorporated start-ups.

Even if you have a product or service with huge growth potential, it would still be a struggle to obtain bank financing during initial phase.

Most banks lend on track record and would require at least 1-2 years of operational history.

If your company is a new start-up still in the R&D phase with no attributed revenue yet, it is advisable that you source for equity financing or venture capitalists, rather than debt financing from banks.

A competent business loan broker would be able to help new companies with at least 6-12 months of operational record seek out bank financing. But do expect limited options and smaller funding amounts for a start.

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