Question about SBA 90 day wait time to reapply

I applied for an SBA bolt loan through Bayfirst. They required a 700+ credit score, so I was denied.

Since my application never made it past the bank, do I still have to wait the 90 days before re-applying? My credit score went up 25 points and is now where it needs to be.

I know the SBA requires a wait when an application is denied, but I don’t think it even got to the SBA because I didn’t meet the minimum requirements with the bank, which is stricter than the SBA itself.

Any insight would be appreciated.

Posted by

Nebula Forge Solutions

July 30, 2025

Answered

It appears Bay First conducted an initial, automated review and declined your application solely due to your credit score. Because this was only a lender-level prescreen, the SBA itself never received or evaluated your file. In practical terms, you’re free to approach another SBA lender, and it won’t look as though the SBA has already rejected you.