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.
Companion File
When an applicant has another application filed...
Contract
A mutually binding legal rel..
Principal
the owner(s) of the Applicant Entity that...
Duplicated Interest
The amount of interest exp...
Injury Period
The time period during...
Trend Analysis
A comparative analysis of...
Best and Final Offer
For negotiated procurements...
Operating Leases
are deducted on the company’s...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Partnership
A type of unincorporated business org...
Days Payable
A measure of the average time a...
Working Capital (WC)
The amount of current assets that...
Certificate of Competency
A certificate issued by the Small Bus...
Sole Proprietor
an individual who...
Capital Leases
are for the purchase of fixed assets such as...

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