Options for a new LLC
| Option | Good fit | Details |
|---|---|---|
| SBA microloan | Best first loan for many new LLCs | Up to $50,000 through nonprofit lenders; average about $13,000; rates generally 8%–13%. |
| SBA 7(a) loan | Strong personal credit, solid plan | Up to $5 million; lenders focus on creditworthiness and ability to repay. |
| Equipment financing | Buying vehicles, machinery or tech | The equipment usually secures the loan, which helps when the business is new. |
| Personal savings, friends & family | Pre-revenue | Document contributions and loans to the LLC in writing and in your books. |
| Build credit, then borrow | Under 12 months in business | Many online lenders — Bluevine, for example — require 12+ months and $10K monthly revenue. Use the time to build a business credit file. |
Get loan-ready from day one
- Get an EIN and keep the LLC’s name and address consistent everywhere.
- Open a business bank account and run all revenue through it — lenders read those statements.
- Keep the LLC in good standing: file your annual report on time.
- Build business credit with vendors that report payments.
- Keep bookkeeping current so you can produce a profit-and-loss statement on request.
Lenders to know
Nav
Free · Prime from $39.99/mo
- Free plan with business credit ranges from D&B, Experian and Equifax
- Nav Prime reports your membership as a tradeline to business bureaus
- Shows financing you’re likely to qualify for
Watch out: Full scores and the tradeline need Nav Prime ($39.99–$74.99/mo)
National Funding
Factor-rate pricing
- Working capital from $6,000 to $500,000
- Equipment financing up to $150,000
- Funding as fast as the next business day
Watch out: Factor-rate pricing can be expensive — compare the total payback
Bluevine Line of Credit
Rates from 7.8%
- Credit lines up to $250,000
- Rates as low as 7.8% for top-qualifying customers
- Checking eligibility doesn’t affect your credit score
Watch out: Needs 12+ months in business and $10K monthly revenue
Loan amounts, rates and requirements come from each lender’s site and change often. Approval isn’t guaranteed. Compare the total cost (APR or total payback), not just the payment. Verified October 18, 2026. We may earn a commission if you sign up through our links, at no cost to you. How we’re funded.
Frequently asked questions
Can I get a business loan for a new LLC with no revenue?
It’s difficult. Most lenders want revenue history. Realistic options are SBA microloans, equipment financing (secured by the equipment), personal funds and, for some owners, a 7(a) loan backed by strong personal credit and collateral.
How long does an LLC need to be in business to get a loan?
Depends on the lender. Bluevine’s line of credit requires 12+ months. SBA microloans and some 7(a) lenders work with newer businesses.
Do startup loans require a personal guarantee?
Usually. Without business history, lenders rely on the owner’s credit and guarantee.
How can I improve my chances?
Open a business bank account early, keep the LLC in good standing, get an EIN, register with business credit bureaus, keep personal credit strong, and prepare a clear plan for the money.
Your LLC setup checklist
- Get a free EINFrom the IRS, in minutes online.
- Open a business bank accountKeep LLC money apart from yours to protect the liability shield.
- Sign an operating agreementSettle who owns and decides what before it matters.
- Get business insuranceCover what the LLC itself doesn’t protect.
- Plan your taxesKnow your tax status and federal due dates.
- Track state deadlinesFree reminders before each filing.
Everything in one list: printable LLC compliance checklist · live deadline calendar.