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.
Credit Elsewhere Test (CET)
The test to determine the...
Credit Score Test
Part of the home loan CET show a...
Protégé
A firm in a developmental stage that...
S-Corporation
A form of corporation, allowed by...
Trend Analysis
A comparative analysis of...
Physical Loans
Funds to repair/replace dis...
Days Payable
A measure of the average time a...
Days Receivable
A measure of the average time a...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Partnering
A mutually beneficial business-to-bus...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Phase 2
Process to be used to determine economic injury for...
SCORE
Counselors to America's Small Bus...
B/E (Business EIDL) Loan
A business loan that...
Partnership
A type of unincorporated business org...

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