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.
Capital Leases
are for the purchase of fixed assets such as...
Days Receivable
A measure of the average time a...
Request for Proposal (RFP)
A document outlining a...
Working Capital (WC)
The amount of current assets that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Break-even Analysis
A calculation of the approximate sales...
Contractor Team Arrangement
An arrangement in which...
Adjusted Net Worth
Post disaster fair market value of tangible...
Partnering
A mutually beneficial business-to-bus...
Mentor
A business, usually large, or...
Operating Leases
are deducted on the company’s...
Limited Partnership
A business organization with one or...
Normal Annual Sales
Those sales that would have...
Subsidiary
A company for which a majority of the...

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