Credit Elsewhere Test (CET)

The test to determine the application’s disaster loan interest rate. This test analyzes the applicant’s available cash flow and net worth that may be used to overcome the disaster damage. The Business loan CET consists of two tests; 1) Cash Flow Test and 2) Available Assets Test. And, the Home loan CET consists of three tests; 1) Credit Score Test, 2) Cash Flow Test and 3) Available Assets Test.

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.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Break-even Analysis
A calculation of the approximate sales...
Applicant Entity
The business entity requesting...
Adjusted Net Worth
Post disaster fair market value of tangible...
Partnership
A type of unincorporated business org...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Physical Loans
Funds to repair/replace dis...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Duplicated Interest
The amount of interest exp...
Limited Partnership
A business organization with one or...
Certified 8(a) Firm
A firm owned and operated by socially and...
Companion File
When an applicant has another application filed...
B/E (Business EIDL) Loan
A business loan that...
Credit Score Test
Part of the home loan CET show a...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...

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