The old story about having a high credit rating so you can get funding for your company and not have to personally sign for it may not hold up in today’s finance world. Now, just like FICO dominates personal credit underwriting, FICO SBSS has become dominant in business cash lending underwriting. Applicants must have at least a 155 FICO SBSS or they will be declined.

Businesses wanting funding also need to know that the average daily bank balance for the prior 90 days in their general ledger bank account can now make up as much as 30% of their FICO SBSS. Factored in will also be any NSFs. If their bank rating is below a Low Five, which is maintaining at least a $10,000 average daily bank balance every day for the past 90 days, then they will have a difficult time reaching that 155 to 160 minimum FICO SBSS score needed to obtain bankable business financing.

Small business funding has become so much more difficult than the days of just having a good business credit score. Sith 50% of small businesses going out of business within 5 years of their opening, lenders are wanting more security and proof of stability than ever before. That said, knowing exactly what is required, and how to get you to the point you meet those requirements, we can, in fact, make your business BANKABLE within a 4 – 6 month span. It’s just a matter of checking all the right boxes,and completing all items of Lender Compliance. Becoming BANKABLE dramatically increases the value of your business and makes available much larger amounts of funding, at way lower rates and for longer terms – just like the big corps enjoy.