Same Day Business Loan Prequalification Calculator

No. This is a prequalification worksheet. It shows how a lender is likely to read your bank statements, but it does not submit anything to a lender, and nothing on this page is an offer, approval or commitment. Same Day Business Loans Online is a comparison and matching platform, not a lender.

A merchant cash advance buys a portion of your future revenue at a fixed price, which is why it uses a factor rate instead of an interest rate. Repayment is usually a small daily or weekly debit. A term loan lends a set amount at an interest rate and is repaid on a fixed schedule. Alternative financing products like advances are usually faster and easier to qualify for, and they usually cost more.

The amount starts with your average monthly revenue, so a clean profile can be pre-approved for up to one times monthly revenue. It is then cut by leverage, which is open loan balances divided by monthly revenue: to 75 percent of that figure at 50 to 75 percent leverage, 55 percent at 75 to 100 percent, and 35 percent at 100 percent or more. Four or five open positions cap it at 65 percent, a risk score above 40 caps it at 80 percent, and a score above 60 caps it at 60 percent. The result rounds down to the nearest $1,000 with a $5,000 minimum.

Six conditions end the check right away: monthly revenue under $30,000, fewer than 12 months in business, an average daily balance under $2,000, nine or more open loan positions, more than one stop payment, or leverage of 150 percent or more. Two more are close to automatic: a single stop payment declines most files and sends the rest to manual review, and an unsatisfied prior default does the same at higher odds. The decline panel names every rule that applied so you know what to change.

The risk score runs from 0 to 100 and lower is better. It adds points for a thin balance, short history, open positions, leverage, returned items, negative days, stop payments and past defaults. Scores of 0 to 20 are A paper, 21 to 40 are B paper, 41 to 60 are C paper and 61 or higher are D paper. Your factor rate rises with the score, from 1.20 at zero toward a ceiling of 1.60, and a higher score also shortens the longest term you can choose.

After a result that is not a decline, the configurator opens below the worksheet. Set the loan amount between $5,000 and your pre-approved maximum, choose a term, then pick daily or weekly payments. The repayments slider lets you stretch or compress the schedule to see how the payment changes. Funding amount, origination fee, net funding, total payback and payment all update as you move.

No. The worksheet never requests your credit report and never contacts a bureau. It runs entirely in your browser from the numbers you type. A credit inquiry only happens later, if you choose to apply with a lender, and many alternative lenders start with a soft check.

It is a realistic planning estimate, not a prediction. Lenders weigh factors differently and verify your statements before committing. If your answers match your real bank activity, the ceiling and paper tier will be a sound starting point, but final amounts, rates and terms always come from the lender.