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.
Days Receivable
A measure of the average time a...
Limited Partnership
A business organization with one or...
Principal
the owner(s) of the Applicant Entity that...
Collateral
Assets pledged by a borrower to secure a loan...
Certificate of Competency
A certificate issued by the Small Bus...
Applicant/Co-Applicant
Business entity and person requesting...
Lien
A legal claim against an...
Current Assets
A balance sheet item which equals...
Duplicated Interest
The amount of interest exp...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Credit Score Test
Part of the home loan CET show a...
Primary Activity
The major business activity of...
Request for Proposal (RFP)
A document outlining a...
Intermediary Organization
Organizations that play a funda...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.