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...
Subcontract
A contract between a prime cont...
Contract
A mutually binding legal rel..
Prime Contract
A contract awarded directly...
GPM%
The measure of every sales dollar left...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Trend Analysis
A comparative analysis of...
Working Capital (WC)
The amount of current assets that...
Injury Period
The time period during...
Income Statement
Shows the entity’s income and...
Projection
An estimate of future economic or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Contractor Team Arrangement
An arrangement in which...
NAICS
NAICS codes are common...
Normal Annual Sales
Those sales that would have...

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