How To Qualify For A Secured Business Loan In Australia
Lenders typically prefer to work with businesses that have been operating for at least 12 to 24 months. This shows the business has a proven track record of stability and operations. However, some lenders may offer secured business loans to newer companies, particularly if they have strong collateral or a solid business plan. Be prepared to demonstrate how your business has grown and how you plan to continue expanding in the future.