Office of Capital Access

Streamlining 7(a) Small Loans

SBA is streamlining the processing of loans under 350,000 to reduce the costs of delivery. Loans under 350,000, known as 7(a) Small Loans can now utilize the SBA credit score. The score uses a complex model including consumer and business credit bureau data. If the Borrower has an acceptable score, the lender can them complete the reduced underwriting steps to obtain the guarantee.  This automated process encourages faster decisions and reduces lender underwriting time, which means small businesses can receive their loan sooner than before. 

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