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.
Defense Contractor
Any person who enters into...
GPM%
The measure of every sales dollar left...
Limited Partnership
A business organization with one or...
Trend Analysis
A comparative analysis of...
Emerging Small Business
A small business concern whose...
Hardship Waiver
Method used to approve a...
Affiliates
Business concerns, organizations, or...
Extraordinary Items
Additional expenses that are...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Affiliated Group
When two or more...
Small Disadvantaged Business Concern
A small business concern that...
Days Payable
A measure of the average time a...
Sole Proprietor
an individual who...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Partnering
A mutually beneficial business-to-bus...

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