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.
Extraordinary Items
Additional expenses that are...
SCORE
Counselors to America's Small Bus...
Applicant Individual
aka who is requesting an SBA loan...
Companion File
When an applicant has another application filed...
Subcontract
A contract between a prime cont...
Applicant/Co-Applicant
Business entity and person requesting...
Lien
A legal claim against an...
Partnership
A type of unincorporated business org...
Request for Proposal (RFP)
A document outlining a...
Best and Final Offer
For negotiated procurements...
Injury Analysis
Measures the effects of...
Partnering
A mutually beneficial business-to-bus...
Current Assets
A balance sheet item which equals...
Joint Venture
In the SBA Mentor-Protégé Program...
Contracting
Purchasing, renting, leasing, or...

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