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.
Operating Leases
are deducted on the company’s...
Days Payable
A measure of the average time a...
Certificate of Competency
A certificate issued by the Small Bus...
Small Disadvantaged Business Concern
A small business concern that...
Affiliate
Business concerns are affiliates if one concern...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Current Assets
A balance sheet item which equals...
Duplicated Interest
The amount of interest exp...
Assets
The amount of current assets that is left...
Limited Partnership
A business organization with one or...
Current Liabilities
A balance sheet item, which...
Affiliated Group
When two or more...
Amortization
A non-cash operating expense that...
SCORE
Counselors to America's Small Bus...
Primary Activity
The major business activity of...

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