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.
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Contracting
Purchasing, renting, leasing, or...
Current Liabilities
A balance sheet item, which...
Small Business
A business smaller than...
Contractor Team Arrangement
An arrangement in which...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Break-even Analysis
A calculation of the approximate sales...
Emerging Small Business
A small business concern whose...
Contracting Officer
A person with the authority to...
Cash Flow Test
Part of the CET that determines if...
Days Payable
A measure of the average time a...
Acquisition
The acquiring of supplies or...
Adjusted Net Worth
Post disaster fair market value of tangible...
Applicant Entity
The business entity requesting...
Phase 2
Process to be used to determine economic injury for...

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