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.
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Amortization
A non-cash operating expense that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Partnership
A type of unincorporated business org...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Emerging Small Business
A small business concern whose...
Intermediary Organization
Organizations that play a funda...
NAICS
NAICS codes are common...
Protégé
A firm in a developmental stage that...
Normal Gross Margin
The margin that would have been...
Sole Proprietor
an individual who...
Credit Elsewhere Test (CET)
The test to determine the...
Duplicated Interest
The amount of interest exp...
Substantial Damage
This means uninsured or otherwise uncompensated...
Injury Period
The time period during...

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