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.
Cash Flow Test
Part of the CET that determines if...
Mentor
A business, usually large, or...
Cash-basis Accounting
records revenue when cash is...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Partnership
A type of unincorporated business org...
GPM%
The measure of every sales dollar left...
Phase 1
Process used to determine the...
Affiliate
Business concerns are affiliates if one concern...
Subcontract
A contract between a prime cont...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Contractor Team Arrangement
An arrangement in which...
Physical Loans
Funds to repair/replace dis...
Applicant Individual
aka who is requesting an SBA loan...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Injury Period
The time period during...

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