I applied for sba eidl loan. But i dont have good credit. I got an loan estimate from them and i accepted it.?

Question

Does that mean they gave me an estimate credit history and does it have higher chance of getting approved.

Answer 1

EIDL acceptance is 100% based on credit score.  If you don't have a 570 credit score based on THEIR scoring system, you are INELIGIBLE for a EIDL loan.

- they do not use a FICO scoring system, thus, it's unlikely for any of us to know the relationship with your loan score.

Answer 2

You are wasting your time. Forget it.