The best type of loan for a startup is one that can be made without any personal guarantees being given. Look for convertible options that accept the higher level of risk in return for a small equity stake in your business if/when it takes off....

Obtaining an external investment in the business can be worth considering, especially if a large amount of startup capital is required. You have to consider losing some ownership of the business to do this and the time required to obtain the investme...