Business Loan Denied Because of Time in Business? Here's What Works
You started 14 months ago. You’re profitable, you have customers, your statements look good. But the bank said “we need 2 years minimum.”
Products That Work for Newer Businesses
| Product | Minimum Time |
|---|---|
| Franchise financing | 0 months |
| Business credit cards | 0 months |
| Invoice factoring | 3 months |
| Revenue-based funding | 6 months |
| Fintech term loans | 6 months |
| Equipment financing | 6 months |
| SBA 7(a) | 2 years |
Steps to Take
- Pull 3 months of clean bank statements — Consistent revenue, no overdrafts
- Separate personal from business finances
- Apply through a marketplace — See which products accept you
- Start building business credit — Even if you don’t need a loan yet
Your business being 14 months old doesn’t make it risky. It makes it ineligible at banks. Those are different things.