Securing funding for your business can feel like an uphill battle—but it doesn’t have to be.

At Simmons Capital, we’ve helped thousands of small business owners access the capital they need to grow, stabilize, or rebuild. Over the years, we’ve learned that while every business is different, there are three key factors that significantly increase your chances of getting approved for a business loan.

If you’re aiming for fast, flexible funding with transparent terms, here’s what most lenders—and Simmons Capital—are looking for:
✅ Annual revenue of $300,000+
✅ Credit score of 640 or higher
✅ At least one year in business

Let’s break down why these requirements matter—and how to set your business up for success.

1. $300K+ in Annual Revenue

Annual revenue is the total income your business generates before deducting any expenses. At Simmons Capital, our minimum revenue requirement is $300,000. Why? Because consistent revenue is a clear sign that your business is active, in demand, and capable of repaying a loan.

High revenue doesn’t just open the door to approval—it often leads to:

• Higher funding amounts
• Lower interest rates
• More flexible repayment terms

If your business consistently earns $25K or more per month, you’re in a strong position to qualify for funding options like working capital loans, lines of credit, or MCA consolidations.

2. A Credit Score of 640+

Your credit score reflects your financial responsibility—and it matters. A score of 640 or higher shows lenders you’ve historically paid your debts and managed credit responsibly.

With a solid credit profile, you’re more likely to:

• Qualify for lower-cost financing
• Receive faster approvals
• Get access to premium loan products

If your credit score is under 640, don’t worry—it’s not a deal breaker. But you may be limited to shorter terms or higher rates. We’re happy to work with you to explore your options and even offer guidance to help improve your score over time.

3. One Year or More in Business

Lenders want to know that your business is stable and reliable. At least one year in operation is often the baseline to demonstrate that stability.

Businesses that have survived the startup phase are less risky to lenders because they’ve shown they can manage overhead, build a customer base, and navigate real-world challenges.

If you’ve been in business for a year or more, you’ll benefit from:

• More funding programs to choose from
• Easier underwriting processes
• Better overall terms

And the longer your track record, the stronger your case becomes.

Why These Requirements Make a Difference

These three factors work together to build lender confidence. Revenue shows you can pay. Credit score shows you do pay. Time in business shows you’ll keep paying.

Meeting all three means you’re more likely to:

• Receive faster approvals
• Access larger amounts
• Lock in better rates
• Avoid excessive documentation or collateral

At Simmons Capital, our goal is to make funding simple, transparent, and personal. That’s why we prioritize businesses that already show the potential to succeed—we’re not just lending capital, we’re investing in your future.

What If You Don’t Meet All the Requirements?

No worries. Every business has a different story, and we’re here to help you improve your position if you’re not quite there yet.

Here’s what you can work on:

• Increase revenue
  Explore new markets, improve marketing, upsell existing clients, or add additional services.
• Boost your credit score
  Pay bills on time, reduce outstanding debt, and monitor your credit report for errors.
• Keep building your business
  Even a few more months of solid operations can improve your chances of qualifying.

Ready to See What You Qualify For?

At Simmons Capital, our application takes just a few minutes—no hard credit pull required. We’ll review your business details, assess your revenue, and match you with funding solutions tailored to your needs.

We believe in small business. We believe in you.

💼 Apply now at www.simmonscap.com
📞 Or talk to a funding advisor today – 1-844-333-7273

Simmons Capital – Your business. Our family.