I have an idea and want to found a startup within 1-2 years.

If you're serious about a start up you'll need way more capital. Improve your credit score to improve your chances and lower your rates on a business loan.

>>1392576

My savings would more go towards allowing me to survive without a salary while I'm programming the product.

I could easily stretch 15k for a year. I imagine my strategy as working on the product with a potential co-founder until we have something worthy of pitching to VC. Is that realistic/good idea or is it better to seek a loan and go full speed ahead asap?

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I'd use a startup incubator or get angel investments. Regardless I've worked on a few startups before. PM me if you need help.

>>1392584
Yeah but why eat into your savings when low interest business loans exist?

I'm in a similar boat, I have savings to survive until I find clients and I can subsidise the business growth, but there are plenty of opportunities to get low interest loans that ignoring it as a possibility is just stupid.

>>1392764
>Yeah but why eat into your savings when low interest business loans exist?
Because if your business goes under you'll be on the hook for those loans.

Then you'd have a nice big loan in your name, no business to help pay for it, and a rapidly depleting savings account.

Loans are debt, and debt is slavery.