This document provides 5 questions that business owners should ask themselves before applying for a business loan. The questions are: 1) Why does the business need financing? 2) What are the minimum funding requirements? 3) Will the lender do a hard or soft credit pull? 4) What are the interest rates and costs? 5) Will the lender report to business credit bureaus? Asking these questions will help business owners understand loan options and requirements, avoid damaging their credit, and choose the best financing for their needs.