Before applying, it’s crucial to understand business loan eligibility to improve your chances of approval. Lenders evaluate factors such as annual turnover, credit score, business vintage, and repayment capacity. Maintaining healthy financial records and timely tax filings enhances your profile. Knowing the eligibility criteria helps you prepare documentation and select the right lender. With proper planning, you can secure the desired loan amount and manage repayments comfortably, ensuring smooth business expansion.