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.
GPM%
The measure of every sales dollar left...
Amortization
A non-cash operating expense that...
Sole Proprietor
an individual who...
Small Business
A business smaller than...
Extraordinary Items
Additional expenses that are...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Comparative Analysis
Is designed to point out significant trends that...
Mentor
A business, usually large, or...
Days Payable
A measure of the average time a...
Full and Open Competition
With respect to a contract action...
Principal
the owner(s) of the Applicant Entity that...
Injury Analysis
Measures the effects of...
Acquisition
The acquiring of supplies or...
Corporation (C-corp.)
The most common form of business org...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...

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