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.
Sole Proprietor
an individual who...
Applicant Entity
The business entity requesting...
Physical Loans
Funds to repair/replace dis...
NAICS
NAICS codes are common...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Protégé
A firm in a developmental stage that...
Full and Open Competition
With respect to a contract action...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Principal
the owner(s) of the Applicant Entity that...
Assets
The amount of current assets that is left...
Request for Proposal (RFP)
A document outlining a...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Affiliate
Business concerns are affiliates if one concern...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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