Credit Score Test

Part of the home loan CET show a credit score of 700 or higher may enable applicants to borrow money at reasonable rates and terms. As such, an application may qualify for the higher disaster loan interest rate if the primary wage earner’s credit score is equal to or greater than 700.

Updated on
September 9, 2022
Published on
June 20, 2018
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Collateral
Assets pledged by a borrower to secure a loan...
Negotiation
Contracting through the use of...
Amortization
A non-cash operating expense that...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Injury Period
The time period during...
Affiliates
Business concerns, organizations, or...
Electronic Data Interchange
Transmission of information bet...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Business Activity
The business (or loss) activity of...
Working Capital (WC)
The amount of current assets that...
Physical Loans
Funds to repair/replace dis...
B/E (Business EIDL) Loan
A business loan that...
Joint Venture
In the SBA Mentor-Protégé Program...
Hardship Waiver
Method used to approve a...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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