Answer: While it is difficult to get a startup business loan without a proven track record, it’s not impossible. Read on for five tips how to improve your odds for getting a loan for a new venture.

The easiest business loans to get approved for include online loans, microloans, invoice factoring and merchant cash advances.

If you have bad credit, you may still be able to get a business loan by going with an online lender, offering collateral or by asking for less money.

Explore the current interest rates for SBA-backed financing.