Get loan-ready: what lenders actually look at

A loan approval isn't luck — lenders check the same handful of things every time. Know what they look at, shore up the weak spots first, and you turn a nervous ask into a strong application. Bizer scores your readiness on exactly these before you ever walk in.

Do this

1. Cash flow — can the business comfortably cover the new payment? This is the big one (lenders call it DSCR).
2. Time in business + history — how long you've operated and whether the numbers are steady.
3. Credit — both your personal score and your business credit; clean these up early.
4. Documentation + collateral — organized financials, tax returns, a plan, and what backs the loan.

The lender's 5-point check

• CASH FLOW: your income comfortably covers the new payment (DSCR ≥ ~1.25)
• TIME IN BUSINESS: the longer and steadier, the better
• CREDIT: personal score in good shape + business credit started
• DOCUMENTATION: financials, tax returns, bank statements, a business plan
• COLLATERAL / down payment: something backing the loan, if required
• Run it first: Bizer's Capital tool (/capital) scores you on all five