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.
Injury Analysis
Measures the effects of...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Intermediary Organization
Organizations that play a funda...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Duplicated Interest
The amount of interest exp...
Credit Elsewhere Test (CET)
The test to determine the...
Normal Gross Margin
The margin that would have been...
Certificate of Competency
A certificate issued by the Small Bus...
B/E (Business EIDL) Loan
A business loan that...
Contractor Team Arrangement
An arrangement in which...
S-Corporation
A form of corporation, allowed by...
Primary Activity
The major business activity of...
Subcontract
A contract between a prime cont...
GPM%
The measure of every sales dollar left...
Affiliated Group
When two or more...

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