How Do New Entrepreneurs Secure a Small Business Loan?
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Many women and veterans struggle with access to capital. Women-owned businesses often face challenges in securing funding due to systemic bias, while veterans may have difficulty due to a lack of formal credit history or financial education
How Can I Qualify for a Business Loan as an Entrepreneur?💼
If you’re a new entrepreneur asking, “How can I qualify for a business loan?”, you’re in the right place!
Securing funding for your business can be a game-changer, but knowing where to start is crucial. The good news? You have more options than you might think—especially when you understand the variety of funding opportunities available, from business credit to SBA financing.
At DFX, we specialize in helping entrepreneurs, including those considered "unbankable," find the right financial resources. From connecting founders to over 80 exclusive lenders, to offering guidance on building business credit, our platform makes accessing capital more straightforward. So let’s break down some funding options you may not have known were available and how DFX can support you along the way!
1. Business Credit: The Gateway for New Startups Without Cash Flow 💳
If your business is in its early days without any cash flow, business credit can be your best friend. By building business credit,
you separate your business’s financial identity from your own, making it easier to access various types of financing (including vehicle financing) 👉down the line.
Strong business credit can also help you qualify for more substantial funding in the future and make you an attractive partner for potential investors.
How We Help: DFX is your go-to platform for setting up business credit, with custom packages to help those who might otherwise be “unbankable.” We’ll walk you through the steps to establish a credit profile that opens doors to funding, helping you build your business on a strong foundation.
2. Unsecured Business Financing (Business Line Hybrid) 💸
If you’ve got solid personal credit but don’t yet have cash flow or collateral, an unsecured business line hybrid is a flexible option. With this, you can access up to $150,000 in 0% interest business credit cards—great for financing early-stage expenses like marketing, inventory, and even down payments for real estate or vehicle financing under your LLC.
This option is particularly powerful for new businesses that need a versatile financing solution without relying on collateral or existing cash flow.
3. Revenue-Based Financing: For Businesses with Consistent Cash Flow 💰
3. Revenue-Based Financing: A Flexible Option for Consistent Cash Flow 💰
If your business already has consistent cash flow, revenue-based financing is an excellent choice. This option allows you to pay back a percentage of your monthly revenue, meaning payments are flexible and tied to your income. This works particularly well for businesses that want to avoid a rigid repayment schedule and need capital for growth.
However, we work carefully, even cautiously, with MCAs (Merchant Cash Advances) in this area. While they can be a last resort for certain businesses, we use them strategically as a bridge to the next capital event. We’re committed to staying away from predatory lenders, helping you avoid the debt spiral many entrepreneurs fall into when relying on MCAs too heavily.
How We Help: At DFX, we view MCAs as a stepping stone and walk you through the process with clear guidance and support. If this the program that fits you, We'll help you use MCAs strategically and ensure they serve as a bridge to more sustainable financing options. We work to protect you from the predatory practices that often come with high-interest lending and save you from unnecessary debt.
4. SBA Financing: For Businesses with Collateral & Good Credit 🏛️
If you’ve got collateral and a solid credit score, SBA loans are a fantastic option. These loans offer long-term, low-interest financing that’s ideal for entrepreneurs who need larger amounts of capital. With SBA Express, you can access loans up to $500,000 and lines of credit up to $150,000—a perfect solution for business owners looking to expand.
DFX Connects Custom Solutions for Unbankable Clients
Traditional banks aren’t always friendly to new or non-traditional entrepreneurs, but DFX specializes in funding for clients who traditional banks consider “unbankable.” Through our platform, you have access to an expansive pool of private capital ready to support your vision. With our network, you gain strategies and pathways that lead to real results.
How We Help: DFX offers customized packages specifically for your business. Our in-depth analysis and understanding of what lenders want allows us to match you with the right options, even when others may have given up on you.
The Domino Effect: How Taking Action Changes Everything 🚀
I live by the Domino Effect philosophy: When you make one small move, it can set off a chain of events that lead to bigger successes. But the domino effect works both ways—if you don’t take action, the negative consequences of missed opportunities and stagnation start to stack up. That’s why DFX and The Domino Effect Club are here to help entrepreneurs take those critical first steps with clarity and support.
10 Common Mistakes New Businesses Make & How You Can Overcome Them 📹
Navigating the funding world comes with its challenges. Many entrepreneurs make common mistakes that prevent them from accessing the capital they need—mistakes you can avoid! We recently covered these top missteps on our YouTube video, The Domino Effect, where I dive into real-world advice for setting yourself up for funding success. Don’t miss it; it’s full of tips you can start applying today. Watch here!
Why Entrepreneurship is Key to Ownership, Financial Freedom, and Growth 💼
Entrepreneurship is ownership. It’s financial freedom. And it’s about taking control of your future. At DFX, we believe that when you’re in the driver’s seat of your business, you not only create wealth for yourself but also contribute to your community.
Women and veterans often face unique challenges when seeking funding, and that’s why we’re committed to supporting you at every step—whether it’s through SBA loans, unsecured business financing, or even revenue-based options.
BONUS TIP🎯
Get a Mentor: Having a mentor is one of the most important things you can do to accelerate your success. Saving time, avoiding common mistakes, and learning strategies to create more cash flow are crucial to keeping your business on the path to growth.
Ready to Level Up? Join The Domino Effect Club! 🎉
DFX isn’t just about loans—it’s about creating a roadmap for entrepreneurs to thrive. Join The Domino Effect Club for access to free monthly masterclasses, pitch events, live coaching, and funding blueprints tailored to your needs. We have exclusive giveaways, challenges, and a community of like-minded founders who are here to support your journey.
How We Help: DFX simplifies the SBA loan process, ensuring you meet eligibility requirements and connect with the right lender for your business’s needs. Whether you’re looking for working capital or long-term financing, we’ll help you every step of the way.
Let’s get you funded, connected, and growing.
For Veterans 🪖
For my fellow veteran entrepreneurs, you have unique resources at your disposal to fund, grow, and scale your businesses. Here are a few to look into:
DFX: a financial literacy and referral platform helping diverse entrepreneurs establish a credible foundation. Then matches those Founders to Funders, even if denied by traditional banks. Get started https://dominofxgroup.com/get-started
Services
Experience. Over 100 years professional lending experience
Resources. Access to hundreds of private (non-bank lenders)
Response. Experience underwriting team. Streamline system with In-depth analysts and advisors.
Target Focus. No two loans are the same, and no two lenders have the same lending policy. We know where to go and what they want to see in the loan package.
Schedule Your 📲 Funding Planning Session: https://plan.dominofxgroup.com
Veterans Business Outreach Center (VBOC): Provides business training, workshops, and mentorship.
Resources to Help You Execute:
Here is a quick checklist to get you started. Remember imperfect action beats inaction, get started, stay consistent and let's Build! 🚀
🔍Watch our YouTube Channel
The Domino Effect - to LEARN⬇️🧏♀️ FREE COURSES & Trainings 🧠
How to get money💰 to grow your business👩🏻💻 Financing for Diverse Entrepreneurs
📚Claim Your Business Credit Building Guide: https://financeguide.dominofxgroup.com/
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