What are the differences between startup business loans and business loans?

The main difference between a startup business loan and a business loan is the amount of time that a client has owned their business.

While in some cases certain businesses may qualify for business loans having only been in business for six months the norm is around one-two years. Startup business loans are loans in which the client has owned the business for less than six months or has not started the business just yet.

Another major difference between startup business loans and business loans are the fact that startup loans will show up on your personal credit report. Business loans will not report to any personal credit bureaus (Experian, Trans Union and Equifax).

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