 TITLE: Where Can I Get a Small Loan? CONTENT: What Do I Need to Apply for a Small Loan?\n-----------------------------------------\nEach lender has different requirements when it comes to small loan approval. In general, though, here are the various factors most lenders consider when determining whether you qualify:\n*   **Credit score**: Your credit score is an important indicator of your ability to manage debt and your finances. As a result, many lenders have minimum credit score requirements a borrower needs to meet. The higher your score is, the better your chances of qualifying with favorable terms.\n*   **Credit history**: Even if your credit score is in good shape, lenders will check your credit report for certain items that could affect their decision. That includes things like past-due payments, repossessions, bankruptcies and more.\n*   **Proof of employment**: Regardless of your credit situation, lenders want to know if you have the ability to repay the debt. If you're not currently employed and have no other income sources, you may have a hard time getting approved.\n*   **Income documentation**: In addition to proof of employment, lenders may ask you for evidence of your income to ensure you can repay the debt. They may also use your current debt payments to calculate your debt-to-income ratio, which shows how much of your money goes toward your debt obligations.\n*   **Cosigner**: If you can't get approved for a small loan on your own, you may have a better chance if you have a creditworthy cosigner.\nBefore you apply for a small loan, ask the lender about their requirements. Some lenders may even allow you to get prequalified with a soft inquiry credit check, which won't impact your credit score. This process allows you to view loan offers before you apply. END