Glossary · People and paperwork
Credit committee
In short
This is a group of senior banking officers responsible for reviewing and approving larger or more complex loan applications. They make the final decision on whether to fund your deal.
What it means in a deal
After the credit analyst reviews your application, it goes to the credit committee for final approval. This is where the loan's viability and your creditworthiness are formally debated. A strong presentation and clear responses to their questions are crucial for getting funded.
Related terms
Common questions about Credit committee
- What is the role of the lender's credit committee in the SBA 7(a) loan approval process?
- What if my personal credit report shows a recent late payment on a minor credit card?
- Does having many recent credit inquiries on my personal credit report affect SBA 7(a) loan approval chances?
- Does the sunset of the SBSS score impact the requirement for a credit memo or documented credit analysis for 7(a) Small Loans?
- Can a credit card cash advance be used for my down payment?
- What is the 'credit elsewhere' test for an SBA 7(a) loan?
Defined by CapBench SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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