Whats secures a business loan?

[Dave Kennedy]

If I needed 200k to get a company up an running. Do small banks lend money to purchasing inventory, equipment, signage, marketing, rent, utlities...etc upon starting up? Is the loan based on cash flow of a business model or does it have to do with your current level of income/assets you own?

My friend and I want to start a business (not entirely sure what yet). I got laid off right before the holidays and haven't had any luck finding a job in commercial RE(where I was before) and he is just getting out of school. So neither of us have any income to secure the loan...would a bank even attempt to loan to us? I've got a decent about in the bank and some stocks/mutual funds and IRA. He sadly has no of that and only brings hard work, a brain and the will to go through a start up with me to the table.

My guess is that the weight both the expected cash flow of the business model and liquid assets you currently have (cash, stocks..etc). Do we stand a chance in hell in getting 100k+ business loan without any current income?