Pre-Revenue Startup Funding: What the Source Says About Business Credit Cards and SBA Microloans

A pre-revenue startup usually has fewer financing options than an established operating company, but the funding guidance identifies two categories that can sometimes be relevant to new businesses: business credit cards and SBA Microloans.

Can a Startup Get a Business Credit Card Without Revenue?

Yes, potentially. The source states that many issuers approve new businesses or side businesses with no revenue when the owner’s personal credit is strong.

Typical business credit card eligibility includes good to excellent personal credit, commonly around 740+, a registered business, a Social Security Number or ITIN for some issuers and a personal guarantee. An EIN may be required or recommended.

Issuers may place significant emphasis on personal credit history, debt-to-income ratio and recent delinquencies or bankruptcies.

Can a Startup Qualify for an SBA Microloan?

The source describes SBA Microloans as often the easiest SBA program to qualify for and notes that they are often available to startups.

Typical requirements listed include a smaller financing need, good credit around 740+, a business plan and demonstrated ability to repay.

What Should a Startup Prepare Before Seeking Funding?

Have the business registration, entity information, EIN if applicable, ownership details and intended use of funds ready. A startup considering an SBA Microloan should also prepare a business plan and be able to explain repayment ability.

If you are launching a U.S. business, have strong personal credit and need capital before substantial revenue is established, connect with EIN Business Funding to explore which startup funding categories may fit your profile.

FAQs

Can a startup get a business credit card with no revenue?
Potentially. The source states that many issuers approve new or side businesses with no revenue when the owner’s personal credit is strong.

What personal credit score is commonly associated with business credit cards?
The funding guidance identifies approximately 740+ personal credit as a typical benchmark.

Can SBA Microloans be available to startups?
Yes. The source states that SBA Microloans are often available to startups and commonly require a smaller financing need, good credit, a business plan and repayment ability.