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Funding Readiness Assessment

Take a quick assessment to evaluate your business readiness for loan approval based on common lender criteria like revenue, time in business, and credit profile.

100% FreeNo SignupInstant Results

Answer 8 quick questions about your business to see how ready you are for financing approval. Get a readiness score, category breakdown, and matched loan recommendations.

No personal information required. Your answers are not stored or shared.

Question 1 of 813% complete
1

What is your personal credit score?

Most lenders pull your personal credit even for business loans.

What Lenders Look For When You Apply

Every lender evaluates borrowers differently, but most weigh the same core factors: credit score, time in business, revenue, profitability, existing debt, collateral, and documentation. A strong profile in all categories means more options, better rates, and faster approval. Weakness in one area does not disqualify you, but it narrows the field. This assessment scores you across these factors so you know where you stand before submitting an application.

Credit Score: The First Filter

Most traditional lenders require a personal credit score of 680+ for business loan approval. Online lenders are more flexible, often accepting 600 or even 580. Below 580, options are limited to MCAs, invoice factoring, or secured products. Improving your score before applying can save thousands in interest. Pay down credit card balances, dispute errors on your report, and avoid opening new accounts right before applying. Check our DSCR calculator to see if your cash flow supports the loan payment regardless of credit.

Revenue and Time in Business

Lenders want to see that your business generates enough revenue to cover the loan payment and still operate. Most require at least $100,000 in annual revenue and 2 years in business. Startups under 1 year face the biggest challenge, but equipment financing and SBA microloans are available for newer businesses with strong plans. Use our loan affordability calculator to determine how much you can borrow based on your revenue.

Getting Application-Ready

Before applying, gather 3 months of bank statements, 2 years of tax returns (personal and business), a current profit and loss statement, and a balance sheet. Know exactly how much you need and what you will use it for. Vague answers slow down approvals. If your score shows gaps, address them before applying. Even a few months of improvement can make the difference between approval and denial. When you are ready, talk to a funding specialist who can match you with lenders that fit your profile, with no impact to your credit score.

How It Works

1

Answer 8 Questions

Quick questions about your credit, revenue, time in business, debt, collateral, documentation, and funding purpose.

2

Get Your Readiness Score

See an overall score out of 100 plus a breakdown across four categories showing your strengths and gaps.

3

See Your Best Options

Get matched loan recommendations based on your profile, with tips to improve your approval odds.

What You Get

Readiness Score (0-100)

A single number showing how prepared you are for financing approval, based on common lender criteria.

Category Breakdown

Scores for credit and history, revenue and profitability, debt and collateral, and documentation.

Loan Type Recommendations

See which financing products match your profile: SBA loans, term loans, lines of credit, and more.

Match Likelihood

Each recommendation shows whether it is a likely match, possible, or unlikely given your answers.

Improvement Tips

Specific actions to boost your score and qualify for better rates and terms.

No Personal Info Required

Your answers are not saved or shared. Retake the assessment as your situation changes.

Funding Readiness Assessment: Frequently Asked Questions

The assessment evaluates eight factors that lenders commonly review: credit score range, time in business, monthly revenue, profitability, existing debt load, available collateral, documentation readiness, and loan purpose. Each answer contributes points to a total score, and results are broken into four categories (Credit and History, Revenue and Profitability, Debt and Collateral, Documentation and Purpose) so you can see exactly where your business is strong and where it needs work. The assessment reflects real lender criteria, not arbitrary benchmarks.

No. The assessment does not pull your credit report or access any personal financial data. It only asks you to select the range your credit score falls into. Nothing you enter leaves your browser. If you decide to move forward after seeing your results, you can talk to a funding specialist who uses a soft credit check with no impact to your score.

Based on your answers, the assessment rates your likelihood of qualifying for seven financing products: SBA loans, bank term loans, online term loans, lines of credit, equipment financing, invoice factoring, and merchant cash advances. Each product is rated as likely, possible, or unlikely based on the typical requirements for that product type.

A low score means there are areas to improve before applying. The results page shows specific tips for each weak category. Common improvements include building credit history, increasing monthly revenue, reducing existing debt, or gathering better documentation. Use our DSCR calculator to check your debt coverage ratio and our working capital calculator to evaluate your financial health. Even with a lower score, some financing options (like MCAs or invoice factoring) may still be available.

The assessment provides a general indicator of how lenders are likely to view your application. It reflects the same criteria most lenders evaluate, but every lender weighs factors differently. A strong score does not guarantee approval, and a weaker score does not mean you will be denied. The goal is to help you understand where you stand before you apply so you can target the right products and address any weaknesses. For a personalized evaluation, get your options from a funding specialist who can match you with lenders that fit your profile.

Ready for a personalized quote?

Our calculators give you estimates. Our funding specialists give you real offers tailored to your business.

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