Based on what other people say and based on how you perceived things, you may say it's true. You cannot start with something out of nothing. Well, let's just say you really need something to start your business. But you don't need a $50, 000 loan if you already have $50.
Starting small will help you push yourself to the limit. You don't need big cash to start, because this will make you lazy. Business is a game of ingenuity. If you are fat with cash, you tend to limit yourself to become more creative. But with less money, you kink up, scratch up, climb, crawl and do anything to come up with new idea to generate income.
Don't fully rely your business with business loan. Think out of the box. Generate new and fresh ideas to start you business without shelling out big amount of cash. That's the greatest challenge in business financing.