When Is the Right Time to Apply for a Small Business Loan?
The best time to apply for a small business loan is when your business shows stable revenue and healthy cash flow. Applying before you urgently need funds allows better planning and stronger approval chances.
Other good times include:
- Before expansion or hiring
- When upgrading equipment
- During seasonal slowdowns (planned in advance)
Avoid applying when revenue is unstable or credit issues are unresolved.
