Loans
Providers of debt capital seem to require significant (circa $2m) in working capital/cash on hand. Is there a way around this for early stage startups who don't have that kind of working capital? Are there any companies doing white labelling or partner programs that removes these requirements?
2
Answers
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Answered over 2 years ago
4x Founder, Startup Advisor, Mentor and Investor
It's very difficult to take out traditional bank debt without revenues. try angel investors who are willing to do SAFE notes or convertible debt. have a solid plan in place which shows how you will use the money to become revenue generating.
Answered about 2 years ago