BoeFly Featured in The Huffington Post Regarding bQual

BoeFly and the new business credit score program; bQual were recently featured in an Huffington Post: Small Business article by Jerry Chautin discussing the SBA’s new credit score model.

On June 6th, 2014 U.S. SBA Administrator; Maria Contreras-Sweet removed the federal underwriting requirements for small business loans of $350,000 or less.

This is a huge step in a favorable direction for small business owners and entrepreneurs looking for smaller loan amounts need to start or expand their business.

As quoted in the Huffington Post, Contreras-Sweet states “SBA’s total credit score will make it easier and less time-intensive for banks to do business with the SBA.”

Mike Rozman; Co-President of BoeFly was also quoted in the article regarding BoeFly’s new program bQual, which allows small business owners to know their business credit score before applying for financing.

Read the full article here: Less Hassle: You Can Borrow $5,000 to $350,000 Based Upon a New Credit-Scoring Model