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  How to Qualify for a Business Loan: Factors Considered by Lenders and Tips to Increase Your Chances Introduction Starting a business requires a significant amount of capital, and often entrepreneurs need to obtain financing to fund their business venture. Business loans can be a great way to get the necessary funding, but not everyone is eligible for one. In this article, we will discuss the various factors that lenders consider when deciding whether to grant a business loan and how to qualify for a business loan. Factors Considered by Lenders When evaluating a loan application, lenders consider a variety of factors to determine whether the borrower is a good risk. The factors that lenders consider can vary depending on the type of loan, but generally, they include the following: • Credit Score Your credit score is one of the most critical factors lenders consider when evaluating a loan application. The credit score reflects your creditworthiness and indicates the likelihood that y