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.
Physical Loans
Funds to repair/replace dis...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Limited Partnership
A business organization with one or...
Electronic Data Interchange
Transmission of information bet...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Liabilities
A financial obligation...
Capital Leases
are for the purchase of fixed assets such as...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Defense Contractor
Any person who enters into...
Extraordinary Items
Additional expenses that are...
Prime Contract
A contract awarded directly...
Assets
The amount of current assets that is left...
Contracting Officer
A person with the authority to...
Small Business
A business smaller than...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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