{"ok":true,"canonical_url":"https://dealroom.so/glossary/credit-report","api_url":"https://dealroom.so/api/public/glossary/credit-report","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-report","term":"Credit report","group":"Reading the business","definition":"A credit report details your borrowing history, including loans, credit cards, and payment records. Lenders review it to understand your past financial behavior.","what_it_means":"When applying for an SBA 7(a) loan, lenders will pull your personal credit report to assess your financial responsibility. They're looking for consistent payment history and any derogatory marks that could signal a higher risk.","url":"https://dealroom.so/glossary/credit-report","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"}],"related":[{"slug":"fico-score","term":"FICO score","url":"https://dealroom.so/glossary/fico-score"},{"slug":"derogatory-mark","term":"Derogatory mark","url":"https://dealroom.so/glossary/derogatory-mark"},{"slug":"creditworthiness","term":"Creditworthiness","url":"https://dealroom.so/glossary/creditworthiness"},{"slug":"personal-financial-statement","term":"Personal financial statement","url":"https://dealroom.so/glossary/personal-financial-statement"}],"related_questions":[{"question":"What if my personal credit report shows a recent late payment on a minor credit card?","url":"https://dealroom.so/sba-7a/questions/what-if-my-personal-credit-report-shows-a-recent-late-payment-on-a-minor-credit-card"},{"question":"Does having many recent credit inquiries on my personal credit report affect SBA 7(a) loan approval chances?","url":"https://dealroom.so/sba-7a/questions/does-having-many-recent-credit-inquiries-on-my-personal-credit-report-affect-sba-7-a-loan-"},{"question":"What if my personal credit report shows a minor collection from several years ago?","url":"https://dealroom.so/sba-7a/questions/what-if-my-personal-credit-report-shows-a-minor-collection-from-several-years-ago"},{"question":"What if my personal credit report shows a judgment that has been satisfied or paid off?","url":"https://dealroom.so/sba-7a/questions/what-if-my-personal-credit-report-shows-a-judgment-that-has-been-satisfied-or-paid-off"},{"question":"What if my personal credit report shows a recent charge-off from a past medical bill?","url":"https://dealroom.so/sba-7a/questions/what-if-my-personal-credit-report-shows-a-recent-charge-off-from-a-past-medical-bill"},{"question":"Does having many recent credit inquiries on my personal report affect SBA 7(a) loan approval chances?","url":"https://dealroom.so/sba-7a/questions/does-having-many-recent-credit-inquiries-on-my-personal-report-affect-sba-7-a-loan-approva"}]},"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 report","url":"https://dealroom.so/glossary/credit-report","source_type":"DealRoom Data"}}