First of all, not having a credit score is similar to having a bad credit score for many traditional lenders like banks. They want a history of good credit they can draw from to justify their investment into your business. However, getting an equipment loan or having someone co-sign the loan for you is a good way to get around these things.
When someone co-signs the loan your lender may still have certain requirements that you must meet without the co-signer, but it certainly improves your odds of being approved. Equipment financing is great too because many lenders aren’t as concerned with your credit history since the equipment itself serves as collateral. You should read our article on equipment loans to learn more.