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.
Phase 1
Process used to determine the...
Normal Annual Sales
Those sales that would have...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Defense Contractor
Any person who enters into...
Depreciation
A non-cash operating expense that...
Prime Contract
A contract awarded directly...
Substantial Damage
This means uninsured or otherwise uncompensated...
Acquisition
The acquiring of supplies or...
Equity
An accounting term used to...
Affiliate
Business concerns are affiliates if one concern...
Assets
The amount of current assets that is left...
Days Receivable
A measure of the average time a...
Corporation (C-corp.)
The most common form of business org...
B/E (Business EIDL) Loan
A business loan that...
Certificate of Competency
A certificate issued by the Small Bus...

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