Glossary · People and paperwork
In short
A numerical rating that reflects your creditworthiness based on your personal credit history. Your personal Credit Score is a critical factor for 7(a) loan eligibility and will be reviewed by all lenders.
Lenders use your Credit Score (often a FICO score) as an initial indicator of your personal financial responsibility. A strong score is essential for a 7(a) loan, as it demonstrates your ability to manage debt, particularly given the Personal Guarantee requirement. Be aware of any derogatory marks on your Credit Report.
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
Know what you'll need before you apply
Tell us about the deal and who's buying — we'll flag the guaranty, eligibility, and paperwork issues that slow SBA approval before they cost you time.
Free · No documents · Usually same-day