{"ok":true,"canonical_url":"https://dealroom.so/glossary/credit-history","api_url":"https://dealroom.so/api/public/glossary/credit-history","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-history","term":"Credit history","group":"Reading the business","definition":"This is a record of your past borrowing and repayment behavior. Lenders scrutinize it to assess your reliability and creditworthiness for the loan.","what_it_means":"Your personal credit history is a key factor in SBA loan approval. Lenders will pull your FICO score and a full credit report. Any derogatory marks, such as bankruptcies or late payments, will be reviewed. Ensure your credit history is as clean as possible before applying, as it directly impacts your eligibility.","url":"https://dealroom.so/glossary/credit-history","official_sources":[{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"},{"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":"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":"derogatory-mark","term":"Derogatory mark","url":"https://dealroom.so/glossary/derogatory-mark"},{"slug":"creditworthiness","term":"Creditworthiness","url":"https://dealroom.so/glossary/creditworthiness"}],"related_questions":[{"question":"Does my personal credit history affect my business's SBA loan application?","url":"https://dealroom.so/sba-loans/basics/does-my-personal-credit-history-affect-my-business-s-sba-loan-application"},{"question":"What role does my personal credit history play in a 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/what-role-does-my-personal-credit-history-play-in-a-7-a-loan"},{"question":"How important is my personal credit history for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/how-important-is-my-personal-credit-history-for-an-sba-7-a-loan"},{"question":"What kind of personal credit history is expected for an SBA 7(a) loan?","url":"https://dealroom.so/sba-7a/questions/what-kind-of-personal-credit-history-is-expected-for-an-sba-7-a-loan"},{"question":"How does my personal financial history, beyond credit score, affect SBA 7(a) loan approval?","url":"https://dealroom.so/sba-7a/questions/how-does-my-personal-financial-history-beyond-credit-score-affect-sba-7-a-loan-approval"},{"question":"Does my personal credit history significantly affect my chances of getting an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/does-my-personal-credit-history-significantly-affect-my-chances-of-getting-an-sba-7-a-loan"}]},"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 history","url":"https://dealroom.so/glossary/credit-history","source_type":"DealRoom Data"}}