Where to look for small business loans as a newer company?
Where to look for small business loans as a newer company is the question I keep running into and most articles assume you've been operating 3+ years.
8 months in, decent monthly revenue around $18k, no missed payments, credit profile clean but light. Bank quoted me 2 years minimum operating history just to consider an application. SBA 7(a) wants similar plus tax returns I don't have yet.
Where are newer companies actually getting funded? Specifically interested in lenders with shorter time in business requirements. Need around $40k for inventory ahead of a busy season. Open to revenue based financing or anything that works on bank statements rather than tax returns. Anyone funded a sub 1 year business recently and what was the experience?