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.
Principal
the owner(s) of the Applicant Entity that...
Duplicated Interest
The amount of interest exp...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Small Disadvantaged Business Concern
A small business concern that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Defense Contractor
Any person who enters into...
Normal Annual Sales
Those sales that would have...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Amortization
A non-cash operating expense that...
Affiliates
Business concerns, organizations, or...
Current Liabilities
A balance sheet item, which...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Trend Analysis
A comparative analysis of...
Partnership
A type of unincorporated business org...
Applicant Entity
The business entity requesting...

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