HOW DO I QUALIFY FOR A BUSINESS LOAN

When it comes to qualifying for a business loan the lender will typically take these three factors into account:

CREDIT SCORE – Most lenders will rely on personal and business credit score to determine how much if any money they are willing to lend.

SECURITIES – Most lenders will ask for securities over different items such as cars or buildings just in case you are unable to pay the loan repayments. 

ANNUAL REVENUE – Most lenders will take into account the cash flow of the business in determining whether your business will qualify for a loan.