Finally, you can get your FICO SBSS business credit score.
If you work your tail off every day and stay up late into the night trying to make the numbers work—all so you can build a business you’re proud of—we’re here to help.
Today, for the first time ever, we just made it possible for small business owners to get and manage their FICO SBSS credit score. Technically, the score is called the FICO® LiquidCredit® Small Business Scoring Service℠. Try saying that ten times fast.
Don’t let the long name throw you off though. Hundreds of big banks and credit unions use the score to help them make business loan approval decisions. Like your personal FICO score, FICO SBSS can make or break your chances of getting business financing.
In fact, the U.S. Small Business Administration (SBA) uses the SBSS score to pre-screen most of the loans they insure. The SBA has currently set their minimum score requirement at 140. Banks and other lenders typically set their minimum a little higher, around 160.
If those scores look a little low to you, it’s because the SBSS score is calculated differently than FICO’s personal credit scores. Instead of ranging from 300 to 850, the SBSS score can range from 0 to 300. The higher the score is, the better. So, a 300 would be a perfect score.
Let us help you get better financing
We fought hard to bring you the FICO SBSS score because we believe you have a right to know how your business is being judged by lenders and the SBA. These type of loans offer some of the most attractive interest rates. If you can land one, you’ll avoid higher-cost types of business financing that can crush your cash flow.
Beyond access to the score, we also provide you tips to help you improve. Our hope is you’ll use this information to build a healthier, more stable business (and hopefully, get a little more sleep).
For more information on how FICO SBSS works, click here.
Or, if you’re ready to see your FICO SBSS score now, visit our pricing page and sign up for our Business Loan Builder plan.
This article was originally written on July 17, 2015 and updated on September 18, 2019.