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.
Normal Annual Sales
Those sales that would have...
Amortization
A non-cash operating expense that...
Equity
An accounting term used to...
Trend Analysis
A comparative analysis of...
Days Receivable
A measure of the average time a...
Intermediary Organization
Organizations that play a funda...
Acquisition
The acquiring of supplies or...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Guarantor
The legal entity and...
Protégé
A firm in a developmental stage that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
SCORE
Counselors to America's Small Bus...
Contract
A mutually binding legal rel..
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Companion File
When an applicant has another application filed...

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