Business Loan Eligibility Calculator — Check Your Qualification (USA, UK, Canada, Australia)
Getting the right business loan can accelerate growth, fund equipment purchases, manage cash flow, or launch a new venture. But the application process is complex — lenders evaluate dozens of factors including revenue, credit score, time in business, debt load, and collateral. This free Business Loan Eligibility Calculator gives you instant clarity on your approval odds, maximum loan amount, expected interest rate range, and the best loan types for your profile. Available for businesses in the USA, UK, Canada, and Australia.
Business Loan Requirements by Lender Type
- Traditional Banks (Best rates, strictest requirements): 2+ years in business, $250,000+ annual revenue, 680+ credit score, DSCR ≥ 1.25, strong financial documentation. Loan amounts: $50,000–$5 million+. Interest rates: 6–12% APR.
- SBA Loans (USA) — Backed by Small Business Administration: 2+ years in business (some programs allow 1 year), 620+ credit score, demonstrated need, U.S.-based business. Loan amounts up to $5 million. Rates: Prime + 2.75–3.75%. Longest terms available (up to 25 years for real estate).
- Online/Fintech Lenders (Fast approval, higher rates): 6–12 months in business, $100,000+ revenue, 550+ credit score. Loan amounts: $5,000–$500,000. Rates: 15–50%+ APR. Decision in 1–5 business days.
- Business Line of Credit: Revolving credit you draw on as needed. 1+ year in business, 600+ credit score, $100,000+ revenue. Amounts: $10,000–$1 million.
- Equipment Financing: The equipment serves as collateral, so easier to qualify. 1+ year, 600+ credit, any revenue level. Finances up to 100% of equipment value.
How Lenders Evaluate Business Loan Applications
Lenders use the "5 C's of Credit" framework: Character (credit history and personal integrity), Capacity (ability to repay — DSCR and cash flow), Capital (personal investment and equity in the business), Collateral (assets pledged as security), and Conditions (loan purpose and economic environment).
Business Financing in the UK, Canada & Australia
UK: British Business Bank supports SME lending with guarantee schemes. Start Up Loans (up to £25,000), Recovery Loan Scheme, and bank business loans from £1,000–£5 million. A credit score of 620+ (personal) and 1+ years in business typically qualifies. Canada: BDC (Business Development Bank) is Canada's dedicated SME lender. Major banks offer commercial loans from CA$10,000+. The Canada Small Business Financing Act covers equipment and real estate purchases up to CA$1 million. Australia: Government-backed guarantees through the SME Loan Guarantee Scheme, bank business loans from AU$5,000+, and fintech lenders like Prospa, Moula, and Lumi offering fast funding.