{"ok":true,"canonical_url":"https://dealroom.so/glossary/credit-card-debt","api_url":"https://dealroom.so/api/public/glossary/credit-card-debt","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"credit-card-debt","term":"Credit Card Debt","group":"Reading the business","definition":"Debt incurred through credit cards, which can be personal or business-related. High levels, especially personal, can signal financial stress and impact your eligibility for a loan.","what_it_means":"Lenders will review your personal credit report and financial statements to assess your existing credit card debt. Excessive personal credit card debt can negatively affect your FICO score and overall creditworthiness, potentially hindering your loan approval. Business credit card debt will be part of the business's liabilities.","url":"https://dealroom.so/glossary/credit-card-debt","official_sources":[{"slug":"sba-form-1919","title":"SBA Form 1919 — Borrower Information Form","official_url":"https://www.sba.gov/document/sba-form-1919-borrower-information-form","official_label":"View on SBA.gov","authority_tier":4,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sba-form-1919"}],"related":[{"slug":"liability","term":"Liability","url":"https://dealroom.so/glossary/liability"},{"slug":"fico-score","term":"FICO score","url":"https://dealroom.so/glossary/fico-score"},{"slug":"credit-report","term":"Credit report","url":"https://dealroom.so/glossary/credit-report"},{"slug":"personal-financial-statement","term":"Personal financial statement","url":"https://dealroom.so/glossary/personal-financial-statement"}],"related_questions":[{"question":"Can an SBA 7(a) loan be used to pay off personal credit card debt?","url":"https://dealroom.so/sba-loans/basics/can-an-sba-7-a-loan-be-used-to-pay-off-personal-credit-card-debt"},{"question":"Can I use an SBA 7(a) loan to refinance existing business credit card debt?","url":"https://dealroom.so/sba-loans/basics/can-i-use-an-sba-7-a-loan-to-refinance-existing-business-credit-card-debt"},{"question":"When can a 7(a) loan be used to pay off existing business credit card debt?","url":"https://dealroom.so/for-lenders/questions/when-can-a-7-a-loan-be-used-to-pay-off-existing-business-credit-card-debt"},{"question":"Can an SBA 7(a) loan be used to pay off existing business credit card debt?","url":"https://dealroom.so/sba-loans/basics/can-an-sba-7-a-loan-be-used-to-pay-off-existing-business-credit-card-debt"},{"question":"Can an SBA 7(a) loan be used to pay off existing credit card debt from my business?","url":"https://dealroom.so/sba-loans/basics/can-an-sba-7-a-loan-be-used-to-pay-off-existing-credit-card-debt-from-my-business"},{"question":"Can the SBA 7(a) loan be used to repay business credit card debt incurred during the acquisition process?","url":"https://dealroom.so/sba-7a/questions/can-the-sba-7-a-loan-be-used-to-repay-business-credit-card-debt-incurred-during-the-acquis"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Credit Card Debt","url":"https://dealroom.so/glossary/credit-card-debt","source_type":"DealRoom Data"}}