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.
Substantial Damage
This means uninsured or otherwise uncompensated...
Income Statement
Shows the entity’s income and...
Full and Open Competition
With respect to a contract action...
Contracting
Purchasing, renting, leasing, or...
Sole Proprietor
an individual who...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Current Assets
A balance sheet item which equals...
Principal
the owner(s) of the Applicant Entity that...
Joint Venture
In the SBA Mentor-Protégé Program...
Fair and Reasonable Price
A price that is fair to both parties...
Days Receivable
A measure of the average time a...
Partnering
A mutually beneficial business-to-bus...
Mentor
A business, usually large, or...
B/E (Business EIDL) Loan
A business loan that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...

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