patio11-
please source your data on why they are NOT set up to fund developers or websites.
That is not my experience... and at some point your business will require capital and an SBA loan is a nice alternative.
please source your data on why they are NOT set up to fund developers or websites.
That is not my experience... and at some point your business will require capital and an SBA loan is a nice alternative.
1) extraordinarily little capital or collateral
2) no or low revenues
3) no physical location
4) little documentation attesting to the nature of the business (leases, franchise agreements, written quotes for proposed capital purchases to be made with the loan proceeds, that sort of thing)
5) a founder who does not have a successful business background
6) a founder who does not individually have a very strong credit history (true of many of the young'uns here, largely as an artifact only recently starting work)
etc, etc will have a bit of difficulty getting through. I respect that your experience may be different. Most of mine comes from shepherding startups through the Japanese analog when I worked at a technology incubator here -- one of our main skills was, ahem, learning how to describe high-tech realities in terms of words responsive to requirements tailored towards industrial businesses.
(You don't have "no" capital, you have source code. How many man months in that? Seven? Great, we'll value that at the $10,000 per month chargeout rate for an intermediate engineer in this neck of the woods: you have $70,000 worth of intellectual capital. So we'll fill in $70,000 in this bubble here. How many suppliers do you have? Zero? Well, OK, you use electricity, right? So Chubu Power is supplier #1. Do you take business calls? NTT, #2... OK, 12 suppliers.)