What affects your business’ risk profile when talking to lenders?

For businesses, the ability to access finance can make a huge difference to your success and ability to grow.
 
Regardless of the type of asset finance you’re looking for, your ability to repay debt will likely be examined by a lender. Lenders will assess your risk profile to determine things like your interest rate, so it’s important to understand how your business looks in the eyes of a lender.
 
Here are some factors that impact your risk profile:
 

• Length of ABN registration
• Your business’ performance
• GST registration
• Whether the loan is secured or unsecured
• Low doc vs. full income verification
• The asset
• Equity