Understanding your business loan eligibility is the first step toward securing financing. Key factors include credit score, business vintage, turnover, profitability, and existing liabilities. Most lenders require a minimum of 1-2 years of business operations and a stable income record. A strong credit score (above 700), clean repayment history, and solid cash flow improve business loan eligibility. Documentation like bank statements, tax returns, and business registration are essential. Several online tools are available to help calculate your eligibility instantly. Strengthening your financials and reducing debt increases your chances of approval. Knowing your business loan eligibility helps you apply with confidence and clarity.

Explore more:- https://finvest.ambit.co/blog/business-loans-types-eligibility-documents