I am a big proponent of alternative sources of financing for small businesses and their owners. Sometimes newbie business startups just cannot access traditional bank financing. Bank financing has the lowest cost of capital for small businesses. This is due to their relatively conservative lending practices. They fund businesses with track records or owners with significant assets who provide strong personal guarantees.
Alternative financing can get you started on the road to bank financing and can augment bank loans as you grow. Alternative financing includes factoring, accounts receivable financing and asset based lending. You could also confer with one or more of the number of commercial loan brokers that have sprung up everywhere purporting to cater to helping small businesses. I've written a number of articles on the subject (see my blog, Cash for Impact) and a book (Solving the Capital Equation: Financing Solutions for Small Businesses) and an ebook (Help! I Need Money for My Business Now!). Can you tell I'm passionate about the subject?
Inc.com also recently published an article on the subject. To read that article, go to the Inc.com article: How to Get a Loan? Let Me Count the Ways