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.
Contract
A mutually binding legal rel..
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Electronic Data Interchange
Transmission of information bet...
Corporation (C-corp.)
The most common form of business org...
S-Corporation
A form of corporation, allowed by...
Injury Analysis
Measures the effects of...
Subcontract
A contract between a prime cont...
Extraordinary Items
Additional expenses that are...
Equity
An accounting term used to...
Fair and Reasonable Price
A price that is fair to both parties...
Working Capital (WC)
The amount of current assets that...
SCORE
Counselors to America's Small Bus...
Primary Activity
The major business activity of...
NAICS
NAICS codes are common...
Projection
An estimate of future economic or...

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