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.
Business Activity
The business (or loss) activity of...
Protégé
A firm in a developmental stage that...
Small Disadvantaged Business Concern
A small business concern that...
Contracting
Purchasing, renting, leasing, or...
Sole Proprietor
an individual who...
Working Capital (WC)
The amount of current assets that...
Affiliates
Business concerns, organizations, or...
Prime Contract
A contract awarded directly...
Applicant/Co-Applicant
Business entity and person requesting...
Full and Open Competition
With respect to a contract action...
GPM%
The measure of every sales dollar left...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Acquisition
The acquiring of supplies or...
SCORE
Counselors to America's Small Bus...
Best and Final Offer
For negotiated procurements...

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