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.
Phase 2
Process to be used to determine economic injury for...
S-Corporation
A form of corporation, allowed by...
NAICS
NAICS codes are common...
SCORE
Counselors to America's Small Bus...
B/E (Business EIDL) Loan
A business loan that...
Partnership
A type of unincorporated business org...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Business Activity
The business (or loss) activity of...
Working Capital (WC)
The amount of current assets that...
Guarantor
The legal entity and...
Joint Venture
In the SBA Mentor-Protégé Program...
Contract
A mutually binding legal rel..
Lien
A legal claim against an...
Principal
the owner(s) of the Applicant Entity that...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...

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