The U.S. Small Business Administration (SBA) helps businesses qualify for financing by guaranteeing loans through lenders. These loans typically feature comparable rates to traditional business loans ...
But getting approved for an SBA loan can sometimes be more complex than getting approved for other types of financing. Understanding SBA loan requirements before you apply will save you valuable time ...
The SBA uses the FICO Small Business Scoring Service (SBSS) when reviewing SBA 7(a) loan requirements. The minimum SBSS score is 155 for loans up to $350,000 as of November, 2024. The score is based ...
In this article, we'll take a closer look at how SBA 7(a) loans work, the requirements that need to be met to get one, and the other important information you need to know. The SBA 7(a ...