Your personal income information does matter, even when you’re borrowing for a business loan. That includes your household income, based on your personal tax returns.
Here are other factors that a lender or bank will consider: your past and current business revenue, your predicted cash flow, the business’s outstanding debt, the business owner’s personal capital investment in the business, and any unused credit available, such as unused credit lines. Those are the same considerations you should review when you’re borrowing funds.