In this lending environment it is not likely that a new business could qualify for an unsecured loan. Most lenders will require that you have regular income, personally guarantee the loan and have assets that can be secured. Of course this all depends. You may want to contact the SBA for their programs and other options.
Alternatively, you could try to get funding by issuing securities in a private offering. This is an extremely complex area of law and something that requires legal counsel as you need to comply with myriad state and federal laws.
You should speak with a local attorney regarding your issue. Contact people you know and trust for referrals. If you have no referrals, contact your local bar association for their referral program. Good luck.
DISCLAIMER—This answer is for informational purposes only and discusses general legal principles, trends, and considerations and is not intended as specific legal advice regarding your question. This answer does not establish an attorney client relationship. For legal advice, you should retain legal counsel in your state for advice regarding your specific circumstances.Ask a similar question
Very unlikely, but certainly not legally impossible. Most lenders require personal guarantees / co-signing if the business has been in operation for less than two years. And given the current environment, it is probably even more difficult than that.
The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.Ask a similar question