Originally Posted by slashpro
You're also not going to get a loan if you don't have physical assets... if you ever need one for whatever reason - I know a few places that were having that problem.
Not entirely true. We've applied and received a number of them over the years from our bank. Maybe it's because they see the cashflow that goes through their bank that they grant the loan, but the physical hardware didn't come into play. The only thing they wanted to see was our business plan, our expansion plan and how we were going to pay things back.
While a physical asset is a great thing to have a loan against, it's not required. Much like with the credit cards, it's not required to have physical hardware - we haven't had physical hardware in nearly a decade. Never an issue with the bank either.