These other factors include profitability, debtservicing ratios and credit history. For example, more profitable firms are more likely to receive credit after controlling for the influence of other characteristics.
https://www.rba.gov.au/speeches/2019/sp-ag-2019-08-08.html  11/13  08/08/2019  Financial Stability Through the Lens of Business | Speeches | RBA  Nonetheless, tighter credit conditions make it more difficult for small businesses to fund themselves or to refinance existing debt. It is likely to be particularly challenging in regional areas impacted by the drought, where many businesses are already experiencing difficulties.