Business Loan Qualification Requirements
What lenders look for — and what makes your application competitive.
Business loans and lines of credit are subject to more detailed underwriting than fast funding products. Lenders in this category want to see a track record of revenue, manageable debt levels, and credit that reflects a history of meeting financial obligations. Here is what you need to know before you apply.
General Requirements
1 Year or More in Business
Most lenders in this category want to see at least twelve months of operating history. Some will consider businesses at 6 months for smaller credit lines, but the most competitive offers go to businesses with 2+ years of history.
$100,000 or More in Annual Revenue
Annual revenue of at least $100,000 is the general minimum. For larger loan amounts — $250,000 and up — lenders typically want $300,000 to $500,000 or more in annual revenue. Consistent, growing revenue is more important than hitting a peak year.
Good to Excellent Credit Preferred
A personal credit score of 650 or higher puts you in a competitive position for most products. Some lenders will go as low as 620 for certain loan types. Borrowers with 700+ scores typically receive the most favorable rates.
All Industries Considered
We work with businesses across industries — manufacturing, healthcare, retail, professional services, construction, food service, logistics, and more. A small number of restricted industries apply depending on the specific lender.
Clean Business Financial Records
Lenders want to see that your business has been filing tax returns, has a separate business bank account, and does not have significant unresolved tax liens or judgments. Organized financials make approvals faster and offers stronger.
Requirements by Product
Business Term Loan
- + 1+ year in business
- + $100K+ annual revenue
- + 650+ credit score preferred
- + Tax returns for last 1-2 years
- + Business bank statements (6-12 months)
Business Line of Credit
- + 1+ year in business
- + $100K+ annual revenue
- + 640+ credit score preferred
- + Bank statements showing consistent cash flow
- + No recent bankruptcies
Invoice Factoring
- + Active invoices from creditworthy customers
- + Invoices with net 30-90 day terms
- + Business has no blanket liens that would conflict
- + Any business age — even startups can qualify
- + Customer credit matters more than your own
Purchase Order Financing
- + A confirmed purchase order from a creditworthy buyer
- + Established supplier relationship (or we can help)
- + Your business fulfills the order after financing
- + Gross margin of at least 15-20% on the order
- + Any business age considered
What Strengthens Your Application
- Two or more years of consistent revenue growth
- Strong personal credit score (700+)
- No open liens or judgments against the business
- Organized tax returns filed on time
- Business operating in its own name with a dedicated bank account
- Clean bank statement history — no excessive overdrafts
- Existing positive relationships with vendors or suppliers
Think you qualify?
Apply now and we will tell you exactly what you qualify for with zero obligation.
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