What Lenders Look for in a Business Loan Application

If lenders had dating profiles, they’d all say, “Looking for someone stable, reliable, and good with numbers.”

So before you swipe right on a loan, let’s decode what lenders are really looking for in your business loan application.

1. Creditworthiness

You could be running the next unicorn startup, but if your credit score looks like a limbo bar (how low can it go?), lenders might hesitate.

Personal credit score – Especially important for micro and small businesses
Business credit score – Shows how you handle credit in your biz life

2. Cash Flow

Cash is king, and lenders want to see a healthy cash flow that screams, “Yes, I can pay you back!”

Bank statements
Monthly revenue trends
Seasonal fluctuations

3. Business Plan and Purpose

No one wants to fund your taco truck dream unless you show a solid plan.

Clear goal for the loan
Expected ROI
Business model that makes sense

4. Time in Business

Startups are fun, but lenders like a bit of a track record.

2+ years in business is ideal
Less than that? You’ll need stellar personal credit and a rockstar business plan

5. Collateral and Guarantees

Sometimes, lenders want to know there’s a plan B.

Equipment, property, or inventory as collateral
Personal guarantees if your biz is still growing

Want to impress your lender and seal the deal? Viking Funding knows what lenders love. Call 754-240-8620 or hit the Apply Now button to get started.

Why Choose Viking Funding?

Fast & Flexible

Perfect for businesses that need fast cash for 3-24 months with high approval rates and the best terms.

Founded by Industry Professionals

Our specialized focus on Merchant Cash Advances (MCAs) sets us apart. We keep our deep understanding of small business challenges with our passion for helping entrepreneurs thrive.

Incredible Service

Our dedicated team is passionate about helping you navigate the ever-changing business landscape, providing ongoing support and guidance whenever you need it.

A Reputation You Can Trust
★★★★★

"Viking Funding came through for my business when we needed quick funding. The promise of nationwide funding within 24 hours with no credit check or collateral is not just a claim – they deliver. The process is simple, and the free funding analysis call gave me insights without any commitment. If you need fast and hassle-free funding, Viking Funding is a solid choice."

"Viking Funding is a breath of fresh air for businesses seeking rapid expansion. They understand the challenges of traditional banks and offer a quick, paperwork-free solution. The nationwide funding within 24 hours is a game-changer. The free funding analysis call helped me plan effectively. For efficient and responsive funding, Viking Funding is the way to go."

"Viking Funding exceeded my expectations in financing equipment. The process is straightforward, with no credit check or collateral required. The 24-hour funding turnaround is a standout feature. The free funding analysis call is a great resource for understanding available options. If you need funding for equipment without the bank hassle, Viking Funding is a reliable choice."

Frequently Asked Questions

What types of products or solutions does Viking Funding offer?

Viking Funding offers a diverse range of financing options for business owners across the nation. We specialize in Revenue Based Financing, where businesses can borrow based on their monthly revenue. Additionally, we provide business lines of credit, business term loans, and SBA Loans, tailored to meet the specific needs of your business.

What types of businesses does Viking work with?

Viking Funding works with businesses in all industries, understanding that each sector has unique challenges and financing requirements. Whether you’re in manufacturing, retail, services, or any other industry, we have the expertise to support your business goals.

What is needed to qualify?

The qualification requirements vary by the type of financing:

Revenue Based Financing: At least 6 months in business, a business bank account, and 4 months of bank statements showing an average revenue of at least $20,000 per month.

Business Lines of Credit, Term Loans, and SBA Loans: A personal credit score of 700 or above is required, along with the last 2 years of most recent tax returns for the business, a profit and loss statement, and a balance sheet.

Why Wait?
Get Started with
Viking Funding Today!