Every lender has specific conditions, and meeting business loan eligibility is crucial for approval. Factors include age, business vintage, turnover, credit score, and repayment capacity. Business loan eligibility also depends on whether the applicant is a proprietor, partnership, or company. Lenders carefully evaluate financial stability before approving funds. Entrepreneurs can use online eligibility calculators to check their chances beforehand. Improving credit history, maintaining cash flow, and submitting correct documents increase approval rates. Knowing the exact business loan eligibility criteria ensures smoother financing and helps businesses access the required capital faster.