Getting a business loan for a startup is not as complicated when you have the right approach. Many businesses need loans while having no capital, and the business world has countless opportunities for them. Financing a business is one of the biggest challenges that business owners face because you need to ensure that you are managing your money in the best possible way to find success. 

A startup business loan is the right option for small businesses if you don’t have enough resources to establish your venture. However, money lenders often require too much from you. It is important to get lenders who are willing to provide you with the money you need without asking for much so it becomes easier for you. All you need to do to get a startup business loan is get the following things in line, and you will be able to get your hands on the money without any capital.

Have a Strong Business Plan

No money lender will provide you with the money without a business plan. You need to present them with something valuable if you want to impress them. Having a solid business plan will make sure that they know that you have a stable future and plan for your business and that you are not just doing it on impulse. Hence, if you don’t have any money, you should start working on your business plan as soon as possible.

Work on Your Personal Credit Score

Credit score plays a vital role in getting a business loan. You might not have any money to invest in your business, but money lenders will still check your personal credit score to see whether you are a defaulter or not. If you don’t have a good credit score, that will make it more difficult to get a startup business loan because the lenders will have a hard time trusting you with the money. Hence, you need to ensure that you have a good credit score before you apply for a loan.

Have an Impressive Idea

You need to impress lenders with your business idea and plans. Ideas are everything you can rely on when you don’t have any money. If money lenders find your business idea impressive and consider it valuable, they will surely invest their money in you. However, if you present another mediocre idea to them, they might not be as impressed, and that would make getting a loan more challenging.

Personal Guarantee

No money lender will provide you with the money without a guarantee. You become personally liable to the lender when you have no capital or money. They need to have something in case you fail to repay their money. 

Length of the Time in Business

The time you have been in business also matters a lot while taking up a business loan. If you have been in operations for some time, it gives more reasons to the money lenders to trust you with their money. It can be a few months, and you don’t have to generate money in that time; just the fact that you have been in operations is enough to build their trust. Hence, instead of applying for a loan right away, it is better to wait a few months to increase your length of time in business so money lenders can trust you more easily.

Check the Eligibility Requirements

Every money lender has a different eligibility requirement for business loans, and you need to ensure that you check them before applying for business loans. All money lenders don’t offer business loans without any current revenue. Hence, it is better to do thorough research and find a private money lender who is willing to provide you with a startup business loan with no money. Read their requirements to check what they need from you, which could include a minimum credit score, capital, financial statement, etc. If you find anything in their requirements that you cannot provide, move on to the next lender.


You can get a startup business loan without having revenue, but that doesn’t mean you should get as much as you can. It is important to analyze your potential for repayment as you need to repay the loan at some point. Determine how much loan you can repay on time and get that amount. Don’t take more than you can repay because that would make running a business more difficult for you. 

At 0Percent, you can get a startup business loan with no money and 0% interest for the first 20 months. They help you become financially independent and build a reputable business so you can thrive and find success with your unique ideas. Reach out to their team and share your business plan with them to get a business loan with no revenue.