Obtaining loans for starting your business can be cumbersome even at the most favorable times. Possessing a solid financial record for at least 3 years is a prerequisite for even being considered for a loan. A strong personal credit record enhances your chances to acquire a decent loan for your start-up business. Over the last decade, though, the process has relaxed to some extent and lenders are willing to offer business loans to start-up firms, provided they meet some requirements. These conditions for approval are detailed below.