Lendio

AUGUST 14, 2023

Because they know they’ll get paid even if you were to default, lenders are much more willing to be generous with you. You’ll most likely qualify for an SBA Express Loan if you own a business and have a credit score of 680 or higher. The SBA’s incentive means lenders will even compete for your business.

Credit and Collections 98

Credit and Collections Credit Scoring Nonprofit Organizations Default 98

Fundera

AUGUST 22, 2018

The agency partially backs these loans with federal money, guaranteeing that they’ll cover a portion of defaulted loans. The SBA also supports the nonprofit organization SCORE, which provides free business education and resources for entrepreneurs, including mentorship programs, specialized advice, and hundreds of webinars.

Brokerages 40

Brokerages Nonprofit Organizations Small Businesses Credit Scoring 40

Due

SEPTEMBER 24, 2023

. “Loan forgiveness” is often sought by borrowers who can’t make payments, but the possibilities are few: After making 120 qualifying payments, borrowers who work for government or qualifying nonprofit organizations can qualify for Public Service Loan Forgiveness. Do student loans affect your credit score?

Nonprofit Organizations 52

Nonprofit Organizations Credit Scoring Default 52