In the old school of small loan lending; where I once worked, we based lending on 3 things.
Ability, Stability, and Willingness.
Ability- Some stable source of income to actually make payments. Steady job or valid income producing venture.
Stability- Same address or limited locale for a decent /recent period. Shows scale of living/operations
Willingness- Record of making payments to others on a timely schedule. History from references.
Not much different from remarks here; except, mine could get the cash, smile, walk out and move away.
I was later in forklifts for 14 years. Had a small line of credit at a bank to get cash to go auctions. Sold for cash, he can go to the bank. First sale of an auction buy paid off the line of credit advance for the whole buy. Close crdit.