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.
Lien
A legal claim against an...
Request for Proposal (RFP)
A document outlining a...
Primary Activity
The major business activity of...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Working Capital (WC)
The amount of current assets that...
Liabilities
A financial obligation...
Phase 2
Process to be used to determine economic injury for...
Current Liabilities
A balance sheet item, which...
Best and Final Offer
For negotiated procurements...
Limited Partnership
A business organization with one or...
Electronic Data Interchange
Transmission of information bet...
Certified 8(a) Firm
A firm owned and operated by socially and...
Normal Annual Sales
Those sales that would have...
Income Statement
Shows the entity’s income and...
Emerging Small Business
A small business concern whose...

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