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.
Trend Analysis
A comparative analysis of...
Affiliated Group
When two or more...
GPM%
The measure of every sales dollar left...
Physical Loans
Funds to repair/replace dis...
Lien
A legal claim against an...
Contract
A mutually binding legal rel..
Corporation (C-corp.)
The most common form of business org...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Contractor Team Arrangement
An arrangement in which...
B/E (Business EIDL) Loan
A business loan that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Normal Annual Sales
Those sales that would have...
Adjusted Net Worth
Post disaster fair market value of tangible...
Comparative Analysis
Is designed to point out significant trends that...

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