Not sure if you qualify? Get an honest, educational assessment of your business loan eligibility based on how lenders actually evaluate applications.
Free diagnostic tool • No credit check • See what factors help or hurt your approval odds
5,000+ businesses checked this month|Trusted funding readiness tool
Real feedback from businesses that used our qualification checker
"This tool helped me realize I actually qualified for a $250K SBA loan. I was hesitant to apply thinking my credit wasn't good enough. Saved me weeks of research!"
Sarah M.
Restaurant Owner, Chicago
"Straightforward and honest assessment. Showed me exactly what I needed to improve before applying. The DSCR breakdown was especially helpful."
James T.
Construction Co., Austin
"As a business consultant, I recommend this to all my clients. It's accurate, free, and doesn't waste anyone's time with false hopes."
Lisa P.
Business Advisor, Denver
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Our business loan qualification calculator uses industry-standard lending criteria to assess your business's readiness for financing. Whether you're wondering "can I get approved for a business loan" or"what are the business loan requirements", this free business loan eligibility checker provides instant answers.
The tool analyzes key financial metrics including your revenue, time in business, credit score, and debt-to-income ratios to provide an educational estimate of how lenders might view your application. Our AI-powered assessment considers the same factors that traditional banks, SBA lenders, and alternative financing companies use when evaluating business loan pre qualification requests.
Lenders want to see consistent revenue and positive cash flow. Most traditional lenders prefer businesses with at least $10,000 in monthly revenue, though alternative lenders may have lower requirements.
Established businesses typically have better approval odds. Many lenders require at least 2 years in business, though some startup-friendly lenders may work with newer companies.
Your personal credit score plays a significant role. Scores above 680 generally qualify for better terms, while scores below 580 may limit your options to alternative or secured financing.
This measures your ability to cover loan payments. Most lenders look for a DSCR of at least 1.25x, meaning your cash flow is 25% higher than your total debt obligations.
No. BusinessLoanChecker.com does not run a hard or soft credit pull. We use the information you enter to estimate how a typical lender might view your business, but we do not access your credit file.
No. This is an educational tool and not a loan offer, credit decision, or commitment to fund. Any actual loan terms would come directly from a lender or funding provider.
The estimate is based on common underwriting guidelines around revenue, time in business, debt obligations, and cash flow coverage. It is meant to show how you might look to a typical lender, but each lender has its own rules and risk appetite, so no outcome is guaranteed.
Many traditional lenders look for a debt service coverage ratio (DSCR) of at least 1.20x, meaning cash flow covers total loan payments by 20%. Some alternative and online lenders may allow lower DSCRs at higher cost.
Yes, but options may be more limited. Some lenders specialize in startup financing or offer SBA microloans for newer businesses. Strong revenue and good personal credit can help offset a shorter operating history.
Don't give up. An "Unlikely" score means you may face challenges with traditional lenders, but alternative financing options like merchant cash advances, invoice factoring, or equipment financing may still be available. Focus on improving your metrics and consider working with a business advisor.