An unsecured personal term loan provides a fixed amount of money with regular monthly payments over a set period—without requiring collateral. Startups often use these loans based on personal credit and income to fund early business expenses. They're fast to fund and easier to qualify for than business loans, but typically come with higher interest rates due to the lack of collateral.

An unsecured commercial term loan is a business loan that doesn’t require physical assets as collateral. Approval is based on business credit, revenue, and time in business. These loans offer predictable repayment terms and can be used for working capital, expansion, or equipment. While interest rates may be higher than secured loans, they’re a solid option for businesses looking to avoid pledging assets.

A HELOC (Home Equity Line of Credit) allows startup founders to tap into the equity in their home to fund their business. It’s a revolving line of credit with flexible access to cash, often at lower interest rates than traditional business loans. While it’s a personal loan, many entrepreneurs use HELOCs to cover startup costs, bridge cash flow gaps, or invest in early growth—just keep in mind, your home is used as collateral.

SBA loans are government-backed loans designed to help small businesses access affordable financing. Offered through approved lenders and partially guaranteed by the Small Business Administration, these loans come with low interest rates, flexible terms, and can be used for working capital, equipment, real estate, or business acquisition. Popular options include the SBA 7(a) for general funding and the SBA Express for faster, smaller loans.

ROBS (Rollover as Business Startups) is a financing strategy that allows entrepreneurs to use their retirement funds—typically from a 401(k) or IRA—to start or buy a business, without incurring early withdrawal penalties or taxes.