Knowledgebase

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How to apply for a loan when my business is less than one year?

There is still 50% chance of approval for businesses under one year if you meet the following:

  1. Business in operation for at least 6 months
  2. Bank statements show positive cash flow
  3. Monthly net revenue of more than 50,000.00
  4. Complete business requirements
  5. Business is under a profitable industry (no foreseeable losses due to sudden market shifts)