What is FICO SBSS?
If you’re applying for a small business loan, like the SBA 7(a) loan , there are two types of credit scores that can make a big difference: your personal credit score and your small business credit score. While your personal credit score is currently the more important of the two, small business
Can You Get Marina Financing With An SBA 7(a) Loan?
In 2017, the marina and boatyard industry generated approximately $5 billion in revenue and employed more than 35,000 people across the United States. If you’re interested in purchasing or expanding a marina or boatyard, or refinancing debt on a marina or boatyard that you already own, an SBA 7(a
Can You Get Multiple SBA Loans?
Yes, as long as each of your loans fits within the SBA’s lending guidelines, there is nothing preventing you from having more than one SBA loan. This applies to both SBA 7(a) loans and SBA 504 loans . However, if you get approved for two SBA loans within a 90 day period, the SBA may treat it as o
Can You Combine an SBA 7(a) Loan with an SBA 504 Loan?
Many borrowers appreciate the fact that SBA 7(a) loans can be used for both working capital and commercial real estate— which makes them one of the most versatile loans on the market. However, their close cousins, SBA 504 loans , which can only be used for commercial real estate, often have lower