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Seeking Insight on Securing a Business Loan (alien.top)

submitted 11 months ago by PipePistoleer@alien.top to c/entrepreneur@indiehackers.space

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Good afternoon all! I'm working on a grad school project and need some advice from those who have experience in obtaining a business loan. If you've worked with a commercial banker to finance a new business, or if you're a business banker yourself, could you share your insights?

I’m interested in learning about the types of businesses that have been financed, the overall process, how challenging it was, and the necessary documentation. Any tips or personal experiences would be incredibly helpful!

Sidenote -> Mods: Apologies - I could not find the stickied Mon/Wed posts for "newbies", I'm happy to post this in the appropriate spot if someone could point me in the right direction!

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[–] GeneralVacancy@alien.top 1 points 11 months ago

I don't have direct experience (underfunded bootstrapping ftw), but I would do some research on SBA loans. They seem to be a good alternative to traditional financing for young companies (or so I've heard).