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.
Subcontract
A contract between a prime cont...
Emerging Small Business
A small business concern whose...
Phase 2
Process to be used to determine economic injury for...
Current Liabilities
A balance sheet item, which...
Trend Analysis
A comparative analysis of...
NAICS
NAICS codes are common...
Full and Open Competition
With respect to a contract action...
Adjusted Net Worth
Post disaster fair market value of tangible...
Small Business
A business smaller than...
Contract
A mutually binding legal rel..
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Partnering
A mutually beneficial business-to-bus...
Negotiation
Contracting through the use of...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Joint Venture
In the SBA Mentor-Protégé Program...

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