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.
Best and Final Offer
For negotiated procurements...
Acquisition
The acquiring of supplies or...
SCORE
Counselors to America's Small Bus...
B/E (Business EIDL) Loan
A business loan that...
Joint Venture
In the SBA Mentor-Protégé Program...
Electronic Data Interchange
Transmission of information bet...
Small Business
A business smaller than...
Projection
An estimate of future economic or...
NAICS
NAICS codes are common...
Assets
The amount of current assets that is left...
Full and Open Competition
With respect to a contract action...
Negotiation
Contracting through the use of...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Equity
An accounting term used to...
Injury Analysis
Measures the effects of...

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