If your Final Score is 70 or greater, you
have a good chance of obtaining a small business loan. Following is a
list of the maximum points for each section. Make note of the areas upon
which you can improve. For an explanation of your scores, including the value
placed on individual questions, please Click
Here.
Management
Experience |
20 |
Credit
History |
10 |
Repayment
Ability |
30 |
Equity |
20 |
Collateral |
20 |
However, this score does not guarantee that
you will receive a United States Small Business Administration (SBA) Guaranteed
loan. In fact, the National Business Association, Small Business Advancement
National Center nor the SBA can guarantee that you will receive such a loan.
You may be turned down for a number of reasons. Although, if you did have
a score of 70 or more, you might have taken the First Step into the world of
Small Business.
Please visit the following organization's websites
for more small business assistance. To return to the First Step Review,
simply close the new window. The following links will initiate new windows.