So you have a business and need some additional funding , well financial institutions are unlikely to give a small business a loan with no collateral and/or no credit history.
And, if your business lacks a track record, it’s doubtful you can get venture capital.
Where to turn?
Sometimes the only place you can turn are Friends & Family.
The National Entrepreneurship Center (NEC) actually endorses this idea, but it needs to be done carefully.