📺 What is an ETRAN Score?
Alex McAloon, CEO of FastWay SBA, answers one of the most frequently asked questions - "What is an ETRAN Score?"
- SBA’s Proprietary Scoring System – The ETRAN Score helps SBA lenders assess a borrower’s creditworthiness.
- Linked to Personal Credit but Not Fully Transparent – While correlated to personal credit, the exact calculation is only revealed after submitting an application.
- Fast Pre-Screening Process – Fastway SBA pre-screens tax returns and credit information, receiving the ETRAN score within a day.
Alex McAloon, CEO of FastWay SBA, answers one of the most frequently asked questions - "What is an ETRAN Score?"
Transcript:
ETRAN is the SBA's proprietary scoring system. It is somewhat correlated to your personal credit score, but we don't really know the exact relationship until we submit an application. We always pre-screen tax returns and personal credit information. Once we have that basic information, we receive the ETRAN score back within a day.
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Written By
Alex McAloon
August 10, 2024
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