Available Asset Test

Part of the CET that determines if an applicant(s) has sufficient assets to borrow private sector funds to repair/replace uncompensated disaster damages without incurring undue hardship. (Certain exclusions apply.)

Updated on
September 8, 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...
Assets
The amount of current assets that is left...
Hardship Waiver
Method used to approve a...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Extraordinary Items
Additional expenses that are...
Credit Elsewhere Test (CET)
The test to determine the...
Business Activity
The business (or loss) activity of...
Amortization
A non-cash operating expense that...
Current Assets
A balance sheet item which equals...
GPM%
The measure of every sales dollar left...
Injury Period
The time period during...
Capital Leases
are for the purchase of fixed assets such as...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Subsidiary
A company for which a majority of the...
Projection
An estimate of future economic or...

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