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.
Current Assets
A balance sheet item which equals...
Current Liabilities
A balance sheet item, which...
Contract
A mutually binding legal rel..
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Cash-basis Accounting
records revenue when cash is...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Prime Contract
A contract awarded directly...
Extraordinary Items
Additional expenses that are...
Amortization
A non-cash operating expense that...
Mentor
A business, usually large, or...
Duplicated Interest
The amount of interest exp...
Affiliated Group
When two or more...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...

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