top of page

FICO Small Business Scoring Service

The SBA Loan Score.. Many have never heard of it but business owners need to know where their business stands, as the SBA requires that lenders use this score to pre-screen all 7(a) loans for $350,000 or less. If your score is less than 155, your application will have to go through a manual approval or worse- get denied


It's important to know the different attributes that will be a predictive indicator if your loan will be approved or not. Some of these factors will include:

  • Personal Credit History

  • Revolving Debt Burden

  • Business Credit History

  • Number of Years in Business

  • Product Type for which you are applying for

  • Personal Income & Debt

  • Personal Net Worth

The SBSS is calculated by FICO, the same company that calculates personal credit scores but its important to understand that they are not the same.

6 views0 comments

Recent Posts

See All

Soft pull credit cards let you check for pre-approvals or credit limit increases without a hard inquiry. This is ideal if you are striving to increase your credit score or in the middle of repairing y

Post: Blog2_Post
bottom of page