One of the most important considerations is the cash flow of your business.
When you have cash flow issues, you are at risk of receiving a "no" from the bank for your loan.
However, if your business is new and your credit history is short, banks will be unwilling to forward you the desired loan.
Risky Business You must be aware of the term high-risk business.
However, cash flow is one of the controllable factors for you.
Find ways to increase your revenues and lower your expenses.
The length of your credit history can affect your loan approval negatively or positively.
The more information banks have at hand to assess your business' creditworthiness, the easier it is for them to forward you the loan.
Your cash flow is a measure for the bank to know how easily you return the loan.
If you are tight on cash flow, how will you manage the repayments?
In short, the bank does not even have to investigate to know your debt.