Qualifications for small business payroll loans vary by loan type and lender. In general, small business owners must meet the following eligibility criteria to increase their chances of approval: Short-term Business Loans: At least 1 year of business history, a credit score of 550 or higher, and annual revenue of $100,000+. Business Line of Credit: At least 1 year of business history, a credit score of 550+, and at least $100,000 in annual revenue. Invoice Financing: At least 6 months of business history and annual revenue of at least $50,000. There is no minimum credit score requirement, but business owners may need to meet a certain invoice volume before qualifying for the business loan.  Merchant Cash Advance: At least 1 year of business history, 500+ credit score, and $50,000+ in annual revenue. The lenders may also impose a minimum volume of credit card transactions on top of the main eligibility requirements.