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.
Applicant Individual
aka who is requesting an SBA loan...
Contract
A mutually binding legal rel..
Subsidiary
A company for which a majority of the...
Guarantor
The legal entity and...
Best and Final Offer
For negotiated procurements...
Limited Partnership
A business organization with one or...
Contracting Officer
A person with the authority to...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Partnering
A mutually beneficial business-to-bus...
Prime Contract
A contract awarded directly...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Phase 2
Process to be used to determine economic injury for...
Negotiation
Contracting through the use of...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...

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