Business Debt Coverage is one of the key criteria lenders use to assess the financial health of your business. It reveals whether there’s enough business cash flow to cover outstanding debts. Learn more about the ratio and how it’s calculated in SmartBiz Advisor™ to influence your Loan Ready Score™.
For more details, find our breakdown of Business Debt Coverage on the SmartBiz Small Business Blog.
*We conduct a soft credit pull that will not affect your credit score. However, in processing your loan application, the lenders with whom we work will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and happens after your application is in the funding process and matched with a lender who is likely to fund your loan.
The SmartBiz® Small Business Blog and other related communications from SmartBiz Loans® are intended to provide general information on relevant topics for managing small businesses. Be aware that this is not a comprehensive analysis of the subject matter covered and is not intended to provide specific recommendations to you or your business with respect to the matters addressed. Please consult legal and financial processionals for further information.
