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.
Partnering
A mutually beneficial business-to-bus...
Corporation (C-corp.)
The most common form of business org...
Amortization
A non-cash operating expense that...
Physical Loans
Funds to repair/replace dis...
Cash-basis Accounting
records revenue when cash is...
Break-even Analysis
A calculation of the approximate sales...
B/E (Business EIDL) Loan
A business loan that...
Applicant Individual
aka who is requesting an SBA loan...
Lien
A legal claim against an...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Contractor Team Arrangement
An arrangement in which...
Injury Analysis
Measures the effects of...
Contracting
Purchasing, renting, leasing, or...
Days Payable
A measure of the average time a...

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