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.
Comparative Analysis
Is designed to point out significant trends that...
Trend Analysis
A comparative analysis of...
Adjusted Net Worth
Post disaster fair market value of tangible...
Subsidiary
A company for which a majority of the...
Guarantor
The legal entity and...
Credit Score Test
Part of the home loan CET show a...
Cash Flow Test
Part of the CET that determines if...
Affiliate
Business concerns are affiliates if one concern...
Full and Open Competition
With respect to a contract action...
Contracting
Purchasing, renting, leasing, or...
Partnering
A mutually beneficial business-to-bus...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Electronic Data Interchange
Transmission of information bet...
Days Payable
A measure of the average time a...
Projection
An estimate of future economic or...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.