Estimate your approval likelihood across loan product types — SBA, bank term loan, line of credit, equipment financing, working capital, and MCA — based on credit score, time in business, and revenue.
Frequently Asked Questions
What factors most affect business loan approval?
Personal credit score, time in business, annual revenue, debt-service coverage, industry, and existing debt. Different products weight these differently — SBA prioritizes credit and history; MCA prioritizes revenue.
What's the minimum credit score for a business loan?
MCA: 500+. Working capital: 550+. Equipment financing: 580+. Bank/SBA: 680+. Higher score = more product options and lower rates.
No — this is a self-reported estimator, no credit pull, no hard inquiry. Actual application requires verified credit and financial documents.
Why does the same business get different answers?
Lenders weight criteria differently. A 620 FICO with $80K monthly revenue is a strong MCA candidate, weak SBA candidate. The estimator shows likelihood by product.
What if I'm declined?
Ask why. Common fixes: pay down existing debt, separate personal and business finances, file consistent tax returns, build trade credit, wait 3–6 months to reapply with cleaner financials.
Can I improve my approval odds quickly?
30–60 days: pay down credit utilization below 30%, dispute credit report errors, consolidate small debts. 6–12 months: build business credit, grow revenue, file tax returns showing profit.
Does industry affect approval?
Yes — some industries (restaurants, trucking, construction) face higher scrutiny because of cash-flow volatility. Cannabis, adult entertainment, and gambling are typically restricted.
What documents do I need to apply?
Standard: 3–6 months business bank statements, owner ID, voided check, basic application. Bank/SBA: add 2 years business and personal tax returns, balance sheet, P&L, debt schedule.
Is pre-qualification the same as approval?
No — pre-qualification is a soft-credit indicator. Full approval requires hard credit pull, document verification, and underwriting review.