You have come up with a great business idea that you are convinced will make you rich. Moreover, you have always wanted to start a business of your own. The only thing that is stopping you from setting up your own enterprise is the lack of funds. You have heard and now find for yourself that startup business loans are not easy to obtain. If you are looking for ways to raise the capital, you need to establish your business; the first thing to do is to be aware of a few fundamentals.One way of obtaining funds for your startup is to look for venture capitalists or angels. They are willing to risk their money in return for a stake in your business. However, this does not appeal to many entrepreneurs who do not want their business decisions questioned or share their future profits. If you belong to this group, then you need to look at small business loans.Most bankers are wary of lending to small business startups as a lot of startups fail after a few years. So bankers consider offering startup business loans as a form of personal loan. This effectively means that your personal credit history has to be good for you to qualify for a startup business loan.In case your credit history is not perfect or even decent, you can consider obtaining equipment that you need for your business on a lease. The finance company holds a lien on the equipment, making it a secured loan in their books. This also considerably lowers the interest rates, making repayment easier. However, this is not ideal for an service industry company as in this industry, there is little that can be rented leased.In case you need a bad credit startup loan, you have to simply work harder at convincing the creditor of the soundness of your business idea as well as your willingness to work hard to make your business a success. To this end, you need to put down your business plan on paper and provide details such as the balance sheet for the last three years or the potential earnings on the opening day.You can also approach the Small Business Administration for help in obtaining credit business loans. They will guide you through the entire process of obtaining a loan for your startup.Be aware that there are special loans available for minorities and women entrepreneurs. In case you qualify, your loan application will be given special consideration. For this you need to first get your business classified under this head. Once that is done, your loan requirements will be taken care of quickly.As a startup does not have a credit history, startup business loans are granted on the basis of the project viability and the credit history of the entrepreneur. You can obtain a loan much more easily if the creditor is impressed with your business idea and feels that it will be profitable. Potential creditors also judge the enthusiasm of the entrepreneur applying for a loan before making a decision on granting the loan.