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.
Contracting
Purchasing, renting, leasing, or...
Credit Elsewhere Test (CET)
The test to determine the...
Normal Annual Sales
Those sales that would have...
Best and Final Offer
For negotiated procurements...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Physical Loans
Funds to repair/replace dis...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Subcontract
A contract between a prime cont...
Capital Leases
are for the purchase of fixed assets such as...
Business Activity
The business (or loss) activity of...
Affiliate
Business concerns are affiliates if one concern...
Request for Proposal (RFP)
A document outlining a...
S-Corporation
A form of corporation, allowed by...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...

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