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.
Acquisition
The acquiring of supplies or...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Intermediary Organization
Organizations that play a funda...
Limited Partnership
A business organization with one or...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Partnership
A type of unincorporated business org...
Business Activity
The business (or loss) activity of...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Current Liabilities
A balance sheet item, which...
Assets
The amount of current assets that is left...
Equity
An accounting term used to...
GPM%
The measure of every sales dollar left...
Cash-basis Accounting
records revenue when cash is...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Phase 2
Process to be used to determine economic injury for...

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