Business Loan Eligibility Check
Business loan eligibility depends on trading history, affordability, lender criteria, and documents such as six months of business bank statements.
How much do you need?
How business loan eligibility is reviewed
Business loan eligibility is not based on one single factor. Lenders normally look at trading history, turnover, cashflow, bank statement conduct, existing commitments, sector, and the reason for borrowing. A business with strong revenue may still need to show that repayments are affordable after normal costs and current finance payments are taken into account.
Six months of business bank statements are especially important because they show how money moves through the company. Statements can help lenders understand regular income, seasonal dips, supplier payments, returned items, overdraft use, and whether the requested funding level is proportionate to recent trading.
Fundify Funding uses the initial eligibility check to prepare a cleaner broker enquiry. If the business looks suitable for review, the next step is to complete the full business funding application with the funding amount, loan purpose, turnover details, and supporting documents.
If your business is still comparing routes, it can help to review the differences between short term business loans, unsecured business loans, and working capital finance before choosing the facility that best matches the cashflow need.
About Your Business
This initial check helps prepare your business finance enquiry before you apply for business funding.