Frequently Asked Questions
What is TomScore?
TomScore™ is a revolutionary tool that prequalifies borrowers for SBA loans in a confidential environment. This scoring system applies the objective factors of cash flow and collateral and weighs them against subjective variables of character and management.
If I fill out my TomScore now, can I fill out the form again later?
Yes, if a new loan is requested, a new TomScore form can be filled out 60 days after the first form was completed. If needed sooner, please contact us at 847-267-1331.
By entering information into SBAQuickLoan.com, am I required to proceed with a small business loan application?
No, SBAQuickLoan.com only prequalifies you and allows interested pre-approved SBA lenders to contact you.
What can I use my loan for?
Business Acquisition, Real Estate, Export Financing, Equipment or Working Capital purposes.
Why is an SBA loan appealing to my business?
How SBA Loans helps Small Businesses
Alternatives Lending Ideas Welcome Relief From Stifling Big Banks
Where does my information go?
Your confidential information goes into a secure database and will be used to expedite the loan process.
What is the maximum amount a business can borrow for an SBA 7a loan?
What is the minimum down payment for obtaining an SBA loan?
Business Acquisition- 15%-25%
Real Estate- 10%-20%
Export 0%-15% equity down.
What is the minimum credit score required for an SBA loan?
Depending on the Lender, your score can be as low as 640.