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.
Capital Leases
are for the purchase of fixed assets such as...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Contracting Officer
A person with the authority to...
Liabilities
A financial obligation...
Working Capital (WC)
The amount of current assets that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Assets
The amount of current assets that is left...
Defense Contractor
Any person who enters into...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Small Disadvantaged Business Concern
A small business concern that...
Affiliated Group
When two or more...
Small Business
A business smaller than...
Trend Analysis
A comparative analysis of...
Companion File
When an applicant has another application filed...
Acquisition
The acquiring of supplies or...

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