{"ok":true,"canonical_url":"https://dealroom.so/glossary/personal-credit-report","api_url":"https://dealroom.so/api/public/glossary/personal-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":"personal-credit-report","term":"Personal Credit Report","group":"People and paperwork","definition":"This report details your individual credit history, including debts, payment history, and public records. Lenders use it to assess your creditworthiness and ability to manage personal finances, which is crucial for SBA loan approval.","what_it_means":"As an SBA loan applicant, your personal credit report (and FICO score) is a key factor for the lender. Any derogatory marks, bankruptcies, or high debt-to-income ratios can impact your approval. Ensure your credit is clean and address any issues proactively before applying.","url":"https://dealroom.so/glossary/personal-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"},{"slug":"13-cfr-part-120","title":"13 CFR Part 120 — Business Loans","official_url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120","official_label":"View on eCFR","authority_tier":1,"publisher":"Office of the Federal Register","source_guide_url":"https://dealroom.so/sba-7a/sources/13-cfr-part-120"}],"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":"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 — Personal Credit Report","url":"https://dealroom.so/glossary/personal-credit-report","source_type":"DealRoom Data"}}