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.
Days Receivable
A measure of the average time a...
Equity
An accounting term used to...
Guarantor
The legal entity and...
Income Statement
Shows the entity’s income and...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Extraordinary Items
Additional expenses that are...
Credit Elsewhere Test (CET)
The test to determine the...
Credit Score Test
Part of the home loan CET show a...
NAICS
NAICS codes are common...
Affiliated Group
When two or more...
Defense Contractor
Any person who enters into...
Projection
An estimate of future economic or...
Subsidiary
A company for which a majority of the...
Injury Analysis
Measures the effects of...
Cash-basis Accounting
records revenue when cash is...

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