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.
Contracting
Purchasing, renting, leasing, or...
Capital Leases
are for the purchase of fixed assets such as...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Normal Annual Sales
Those sales that would have...
Partnership
A type of unincorporated business org...
Protégé
A firm in a developmental stage that...
Depreciation
A non-cash operating expense that...
Contractor Team Arrangement
An arrangement in which...
Principal
the owner(s) of the Applicant Entity that...
Limited Partnership
A business organization with one or...
Request for Proposal (RFP)
A document outlining a...
Extraordinary Items
Additional expenses that are...
Contract
A mutually binding legal rel..
Normal Gross Margin
The margin that would have been...
Affiliate
Business concerns are affiliates if one concern...

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