While borrowers are highly encouraged to consider a few things before availing of loans – which include interest rates, contract terms and conditions, as well repayment duration and processes, licensed moneylenders would also always have to weigh things out before granting a request. Licensed moneylenders would always consider a borrower’s: Financial Situation Most lenders may impose their minimum requirement for annual income but it is unlikely for lenders to allow an application to be approved if a borrower is unable to meet the requirements needed. Thus, if a business owner’s financial status is critical, it would be difficult for them to borrow money.  Business revenue and expenses Moneylenders would always carefully review an owner’s venture before granting them loans. This is ideal and necessary for them to understand whether a business would be able to follow the terms and conditions under their loan package. If a business continues to progress, it’s good news. Repayment ability Loan applications can easily be approved if lenders are assured that their potential borrowers would be able to repay them on or before their repayment deadline. This is also one of the many reasons why borrowers should always get the cash they are only able to compensate – to avoid debt, at least, and bad credit history. (The repayment period for A1 Credit’s business loan is up to 24 months or 2 years, subject to the terms and agreement of the loan.)