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.
Acquisition
The acquiring of supplies or...
Limited Partnership
A business organization with one or...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Current Assets
A balance sheet item which equals...
GPM%
The measure of every sales dollar left...
Credit Elsewhere Test (CET)
The test to determine the...
Hardship Waiver
Method used to approve a...
Principal
the owner(s) of the Applicant Entity that...
Small Business
A business smaller than...
Days Receivable
A measure of the average time a...
Injury Analysis
Measures the effects of...
Affiliates
Business concerns, organizations, or...
Credit Score Test
Part of the home loan CET show a...
Small Disadvantaged Business Concern
A small business concern that...
Schedule of Liabilities
A business debt schedule that lists all of the debts...

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