Most banks do not offer startup business loan. Your business must be minimally 6 to 12 months old to apply for financing. Even so, financing options and quantum are very limited for businesses less than 1 year old. More commonly, banks will prefer at least 2 to 3 years of business history for reviewing applications. If the keyman of a relatively new business has at least 5 to 7 years of related industry experience managing another business in the same industry as an appointed director, this might help to mitigate the new business's lack of operating history.