How to Get Up to $250K for a Startup With a 620 Credit Score | Inside The Vault

What if you didn’t need years in business, six figures in revenue, or perfect credit to fund your idea? Stormi Banks and Trishonna return to Inside the Vault with Ash Cash to break down **The Startup Formula** — using private lending and grants to access capital when traditional banks may not be an option. Trishonna explains how some private lending programs can offer **$50,000 to $250,000 in startup funding with credit scores around 615–620**, while other programs may work with lower scores for smaller amounts. She shares how private lending helped her open an ice cream shop that went on to generate six figures in its first 60 days. Pasted text Stormi, a certified grant writer whose company says it has helped secure more than **$23 million in grant funding**, breaks down why grants can be powerful for startups, how to position your business to compete, and why getting funded requires more than simply filling out an application. Pasted text They also explain why entrepreneurs need multiple sources of capital, how to approach lenders, why you shouldn’t spend business funding on lifestyle expenses, and how faith, discipline, and taking action can change the trajectory of your business. In this episode: • How startups may access up to $250K in private funding • Why a 620 credit score may open more options than you think • Private lenders vs. traditional banks • Startup funding without giving away equity • How grants work and why they’re competitive • How Stormi’s company helped secure $23M+ in grants • Why businesses need multiple streams of OPM • Grant matching and funding strategies • How Trishonna found the lender that changed her life • Why faith and action matter in entrepreneurship • $60K reportedly funded on Day One of their accelerator • Knowing when distractions are keeping you from your assignment • Why “delayed obedience is still disobedience” **STARTUP FORMULA CHALLENGE** Text **ASH START** to **833-461-0471** to learn more about the 2-Day Startup Formula Challenge. Connect with the guests: Trishonna: **@trishonna** Stormi Banks: **@iamstormibanks** Inside the Vault: @insidethevault InsideTheVaultShow.com Host: @iamashcash IAmAshCash.com **ABUNDANCE IS YOUR BIRTHRIGHT.** Join Ash Cash and a community focused on building wealth, increasing income, strengthening your mindset, and creating a more abundant life: TheAbundanceCommunity.com Funding availability, approval criteria, interest rates, repayment terms, and grant awards vary by lender, program, applicant, and business. The discussion is educational and does not guarantee funding or approval. **TIMESTAMPS** 00:00 – The startup funding myths holding people back 01:08 – Ash Cash book CTA 02:10 – Welcome to Inside the Vault 03:55 – Meet Stormi Banks & Trishonna 04:12 – $23M+ in grant funding 05:17 – Why startups think they can’t get funded 06:56 – Private lending for new businesses 07:31 – Starting an ice cream shop with no money 08:06 – Up to $250K with around a 620 credit score 08:56 – Private lenders vs. traditional banks 09:59 – Interest rates, equity & repayment terms 10:50 – Grants you don’t have to repay 11:52 – How Stormi discovered business grants 12:14 – Why most people lose grant competitions 14:20 – Why businesses need multiple sources of OPM 15:23 – The 8-hour wait that changed Trishonna’s life 16:12 – How private lenders can grow with your business 17:06 – Grant matching explained 18:18 – Why helping others became the mission 20:49 – Faith, purpose & the fear of God 23:26 – Praying for the capacity to handle more 27:28 – $60K funded on Day One 28:07 – Who the Startup Formula is for 29:17 – When the distraction is someone you love 32:04 – Why you have to “starve the flesh” 38:49 – How Stormi & Trishonna became partners 49:41 – Turning imagination into a business 52:15 – How to join the Startup Formula Challenge 53:08 – “If you can’t beat the CEO, be the CEO” 56:30 – Delayed obedience is still disobedience 57:17 – Connect with Stormi & Trishonna 57:42 – Closing the Vault Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy