Check this information out to learn about what you need when considering applying for a loan, including details about credit factors that are taken into consideration.You may also try getting in touch with a local Small Business Development Center or SCORE, two of SBA's resource partners. They're located across the country and provide free business counseling and answers. Visit our local assistance guide to find your local SBA resource partners by entering your zip code. Another approach that may be useful is talking to a mentor who could offer you specific guidance. Good luck!

Having good credit is half the battle. Getting a small business loan also
depends on how viable the cash flow from operations of the business is in the
eyes of the lender {primary source of repayment} as well as the amount of
down payment "skin in the game" the owners have. The way lenders see it is
that they are creditors and should have a much lower risk profile than the
equity. After all, we have never seen a business owner share the upside with
the lender.

If you are looking at a startup, the answer would be not likely. The lack of
operational history means that the lender has only projections about the cash
flow.