Source: SBA.gov

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

SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.

Explore 7a loans

SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.

Explore 504 loans

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.

Explore microloans

SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.

Income Statement

Shows the entity’s income and...

Go to full definition ->

Applicant Individual

aka who is requesting an SBA loan...

Go to full definition ->

Certified 8(a) Firm

A firm owned and operated by socially and...

Go to full definition ->

Assets

The amount of current assets that is left...

Go to full definition ->

Lien

A legal claim against an...

Go to full definition ->

Applicant Entity

The business entity requesting...

Go to full definition ->

Partnering

A mutually beneficial business-to-bus...

Go to full definition ->

Companion File

When an applicant has another application filed...

Go to full definition ->

Available Asset Test

Part of the CET that determines if an applicant(s) has...

Go to full definition ->

Mentor

A business, usually large, or...

Go to full definition ->

Small Disadvantaged Business Concern

A small business concern that...

Go to full definition ->

SCORE

Counselors to America's Small Bus...

Go to full definition ->

Subsidiary

A company for which a majority of the...

Go to full definition ->

Adjusted Net Worth

Post disaster fair market value of tangible...

Go to full definition ->

Loan Authorization and Agreement (LA&A)

A contract between SBA and the borrower that...

Go to full definition ->

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.