Business Loan Readiness Checklist — Are You Ready?
Checklist

Business Loan Readiness Checklist

Assess your readiness before applying for a business loan. Check all boxes for best approval odds.

Business loan readiness checklist: (1) Credit score 600+ (personal), (2) 6+ months in business, (3) $10k+/month revenue, (4) Business bank account with consistent deposits, (5) All required documents ready (bank statements, tax returns, business docs), (6) Clear use-of-funds plan, (7) No active bankruptcies or tax liens, (8) Positive cash flow or improving trend, (9) Business in good standing (no judgments/lien), (10) Personal guarantee prepared (if required). Check all items before applying to maximize approval chances.

Readiness Checklist

Credit & Financial Health

Business Requirements

Required Documents

Preparation & Planning

Readiness Assessment

✓ Ready to Apply (15+ checks)

You meet most requirements. Apply now for best approval odds. Learn how to get a business loan.

⚠ Almost Ready (10-14 checks)

You're close but missing some requirements. Address missing items before applying. Learn how to get ready for a business loan.

✗ Not Ready (<10 checks)

You need to address several requirements before applying. Focus on credit, revenue, and documents first. Consider bad credit loan options if credit is the main issue.

Ready to Apply?

If you've checked most items, apply now and get a decision in 24-72 hours.

Fast decisions • Clear terms • Real people