CreditStrong for Business

SEPTEMBER 13, 2024

In other words, you can’t get an SBA loan from just any bank or credit union. To build business credit , you can look into Credit Strong’s business credit builder loan in order to start increasing your business credit score! Being an existing customer could make the process go more smoothly.

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CreditStrong for Business

SEPTEMBER 13, 2024

For example , while the SBA sets a minimum FICO Small Business Scoring Service (SBSS) score at 155, some lenders may require a 160 or 165 — this score is essentially the business version of your personal FICO score. You may start the process by checking with your bank or credit union to see if it offers SBA loans.

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CreditStrong for Business

NOVEMBER 1, 2024

That includes: Businesses that engage in illegal activities, loan packaging, speculation, multi-sales distribution, gambling, investment, or lending. Real estate investment firms. Firms involved in speculative activities that develop profits from fluctuations in price rather than through the normal course of trade.

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