Pre-Qualification
An early, lighter-weight review that estimates whether a business is likely to qualify for financing and roughly how much, before a full application and hard credit pull.
Pre-qualification typically relies on self-reported information, like estimated revenue, time in business, and a soft credit check, giving a business a realistic sense of its options before committing to a full application.
It’s a useful first step for comparing potential offers across multiple products or lenders without the time investment, and often without the credit impact, of submitting full documentation everywhere at once.
Related Terms
Related funding options
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