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.
Collateral
Assets pledged by a borrower to secure a loan...
Normal Annual Sales
Those sales that would have...
Assets
The amount of current assets that is left...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Trend Analysis
A comparative analysis of...
Small Disadvantaged Business Concern
A small business concern that...
NAICS
NAICS codes are common...
Phase 1
Process used to determine the...
Injury Period
The time period during...
Contracting
Purchasing, renting, leasing, or...
Certificate of Competency
A certificate issued by the Small Bus...
Fair and Reasonable Price
A price that is fair to both parties...
Subsidiary
A company for which a majority of the...
Current Liabilities
A balance sheet item, which...
Equity
An accounting term used to...

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