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.
Applicant Individual
aka who is requesting an SBA loan...
Business Activity
The business (or loss) activity of...
Limited Partnership
A business organization with one or...
Normal Annual Sales
Those sales that would have...
Physical Loans
Funds to repair/replace dis...
Fair and Reasonable Price
A price that is fair to both parties...
Mentor
A business, usually large, or...
Hardship Waiver
Method used to approve a...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Days Receivable
A measure of the average time a...
Normal Gross Margin
The margin that would have been...
Lien
A legal claim against an...
Best and Final Offer
For negotiated procurements...
Primary Activity
The major business activity of...
Current Assets
A balance sheet item which equals...

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