What is startup business funding?
Most banks require two years of tax returns before they will consider a business loan. That leaves early-stage businesses — often the ones with the most momentum — locked out of capital exactly when it matters most.
HL Hunt Funding serves businesses with as little as three months of operating history. If you are depositing $10,000 or more per month, revenue-based financing is available. If you need equipment, the asset itself secures the loan. If you invoice other businesses, factoring approves you based on your customers’ credit.
We also help founders understand what they will need for larger funding down the road — clean bank statements, separate business accounts, and a track record of on-time payments — so your first funding round sets up your second.
How startup business funding works
- 1Pre-qualify
Three months in business and $10,000 in monthly deposits is the starting point.
- 2Share statements
Business bank statements since inception.
- 3Match products
Revenue-based, equipment, or factoring based on your model.
- 4Fund
24–72 hours.
Best for
- Businesses 3–24 months old
- Founders with revenue but no bank history
- Equipment for new operations
- B2B startups with receivables
Pros and cons
Advantages
- Only 3 months in business required
- No tax returns needed for most products
- Fast funding
- Builds business credit history
Considerations
- Smaller initial amounts
- Higher cost than established-business products
- Pre-revenue startups do not qualify
Requirements to qualify
- 3+ months in business
- $10,000+ monthly deposits
- Business bank account
- EIN
Requirements vary by funder. The fastest way to know exactly where you stand is to pre-qualify in two minutes — it is free and there is no credit inquiry.