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Aug 26, 2022

What Is the SBA 7(a) Standard Loan?

An SBA 7(a) Loan for over $350,000 is called a Standard Loan. These loans are eligible for SBA guarantees of up to 75%. It’s important to remember that while the SBA is backing the loan, traditional lenders such as banks and credit unions will actually loan you the money.

Aug 26, 2022

How Do I Get an SBA 7(a) Loan with Bad Credit?

Can bad credit keep you from getting an SBA loan? Not always. But because most traditional lenders will require a personal credit score of around 700, you will likely need to first build your credit into a good shape before applying for an SBA 7(a) loan.

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