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.
Normal Gross Margin
The margin that would have been...
Phase 1
Process used to determine the...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Income Statement
Shows the entity’s income and...
Affiliates
Business concerns, organizations, or...
Phase 2
Process to be used to determine economic injury for...
Duplicated Interest
The amount of interest exp...
Mentor
A business, usually large, or...
Joint Venture
In the SBA Mentor-Protégé Program...
Subcontract
A contract between a prime cont...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Contractor Team Arrangement
An arrangement in which...
Defense Contractor
Any person who enters into...
Collateral
Assets pledged by a borrower to secure a loan...
Depreciation
A non-cash operating expense that...

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