The SmartBiz Loan Ready Score* Reveals Where You Stand
What do SmartBiz® bank partners look for when evaluating a loan application for an SBA or bank loan? One metric they’re interested in is your “Business Revenue Trend”.
Does your small business need working capital? Perhaps you want to refinance expensive debt. Maybe you’re in the position to purchase or refinance owner-occupied commercial real estate.
The debt your business owes is important, but more critical is how you manage revolving accounts like credit cards or lines of credit.
Ready to secure funding to spark growth for your small business? An infusion of low-cost funds can be key to the future success of your business.
This score is one factor that helps lenders determine how likely your business is to make timely loan payments and ultimately pay back the loan in full.
Business Debt Coverage is a ratio that measures your company’s ability to repay business debt, providing a snapshot of the overall financial health of your business.
Combined Debt Coverage is important because it helps banks assess whether there is enough personal and business cash flow to cover the payments for all personal and business debts.
The Loan Ready Score, built by analyzing thousands of small business financials with our intelligent platform, helps you learn how your business stacks up to get a low-cost SBA loan.
SmartBiz Advisor™ is a new online tool offered by SmartBiz Loans™ that can help you evaluate your business and recommend ways to strengthen it so you can avoid costly mistakes and get the lowest cost funding.