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.
Adjusted Net Worth
Post disaster fair market value of tangible...
Hardship Waiver
Method used to approve a...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
GPM%
The measure of every sales dollar left...
Best and Final Offer
For negotiated procurements...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Break-even Analysis
A calculation of the approximate sales...
Certified 8(a) Firm
A firm owned and operated by socially and...
Intermediary Organization
Organizations that play a funda...
Full and Open Competition
With respect to a contract action...
Trend Analysis
A comparative analysis of...
NAICS
NAICS codes are common...
Cash Flow Test
Part of the CET that determines if...
Current Assets
A balance sheet item which equals...

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