Can start-ups also get business loans?
Yes, even start-ups can get business loans.
As a start-up company has less historical data to show, it is recommended to include the following documents with your application:
- Business plan
- Liquidity budget, especially if you want to apply for a larger loan for the company.
This can give an indication of the ability to repay the company loan even if you do not have a financial statement ready yet.