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.
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Full and Open Competition
With respect to a contract action...
Duplicated Interest
The amount of interest exp...
Affiliate
Business concerns are affiliates if one concern...
Primary Activity
The major business activity of...
Normal Annual Sales
Those sales that would have...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Prime Contract
A contract awarded directly...
Lien
A legal claim against an...
Credit Score Test
Part of the home loan CET show a...
Working Capital (WC)
The amount of current assets that...
Principal
the owner(s) of the Applicant Entity that...
Electronic Data Interchange
Transmission of information bet...
Days Payable
A measure of the average time a...
Emerging Small Business
A small business concern whose...

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