The reading level for this article is All Levels

If you are starting a business on the west coast, in the bay area, Los Angeles or San Diego, no credit history startup business loans are going to be very tough to come by, especially under current market conditions. Banking businesses are much more reluctant to lend credit as loosely as they once did, and especially so to new businesses, but if you look hard enough you will be sure to find a way to obtain easy financing for your enterprise, even if you have, in San Diego, no credit history.

Startup business loans are best acquired through smaller banks and credit unions. Large banks, especially in the modern financial marketplace, are usually not a very good place to go to for getting initial financing, as they carry very high credit requirements and likely not allow exceptions to their rules and regulations get through. By contrast, the smaller financing agencies are more competitive and business-friendly, and you will likely have a better chance of having your pitch be heard by someone higher up in the decision-making process.

You may also want to consider an SBA loan. SBA loans have been for a long time an excellent way for new entrepreneurs to get access to the financing that they need in times of limited options. The SBA provides excellent startup loan programs for women, minorities, veterans, the disabled, and a number of other demographics that can benefit greatly from its wide lending availability. Best of all, this federal program is available in all fifty states and the cities within them, including San Diego. No credit history startup business loans are entirely possible through these programs, and you can rest assured that the financing options offered by the SBA will be safe and secure.

You may also want to take the route of P2P lending. P2P is an excellent way to get financing under the table. You will be happy to know that the internet provides a wealth of tools that are extremely useful for the provision of the necessary legal and business resources to facilitate P2P lending. Sites such as are excellent as they provide an excellent way to conduct your P2P transactions in a professional manner at a very low cost.

There is always a way to find the financing that you need to start your business, no matter the market conditions. Just be sure to know what you have to work with, and how you can go about implementing your ideas.

This Business article was written by Mark Karavan on 1/30/2010