Posted by Joe on March 11, 2002 at 11:40:17:
Financial institutions need to assess the risk of lending to businesses as well as individuals. A new business has no credit history, so it would be very difficult to find an institution to loan to a new business. You would probably have better luck by signing personally for a loan, using other collateral you have.
The best chance for a “new business” loan would probably be the SBA.