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.
Applicant/Co-Applicant
Business entity and person requesting...
Adjusted Net Worth
Post disaster fair market value of tangible...
Joint Venture
In the SBA Mentor-Protégé Program...
Intermediary Organization
Organizations that play a funda...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Certified 8(a) Firm
A firm owned and operated by socially and...
Contractor Team Arrangement
An arrangement in which...
Normal Gross Margin
The margin that would have been...
Small Disadvantaged Business Concern
A small business concern that...
Business Activity
The business (or loss) activity of...
Primary Activity
The major business activity of...
Working Capital (WC)
The amount of current assets that...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Best and Final Offer
For negotiated procurements...
Break-even Analysis
A calculation of the approximate sales...

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