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.
Emerging Small Business
A small business concern whose...
Companion File
When an applicant has another application filed...
Applicant/Co-Applicant
Business entity and person requesting...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Comparative Analysis
Is designed to point out significant trends that...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Projection
An estimate of future economic or...
Limited Partnership
A business organization with one or...
Request for Proposal (RFP)
A document outlining a...
Defense Contractor
Any person who enters into...
B/E (Business EIDL) Loan
A business loan that...
Physical Loans
Funds to repair/replace dis...
Small Business
A business smaller than...
Cash-basis Accounting
records revenue when cash is...
Corporation (C-corp.)
The most common form of business org...

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