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.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Projection
An estimate of future economic or...
Affiliate
Business concerns are affiliates if one concern...
Acquisition
The acquiring of supplies or...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Hardship Waiver
Method used to approve a...
Electronic Data Interchange
Transmission of information bet...
Operating Leases
are deducted on the company’s...
Partnership
A type of unincorporated business org...
Phase 2
Process to be used to determine economic injury for...
Extraordinary Items
Additional expenses that are...
Partnering
A mutually beneficial business-to-bus...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Duplicated Interest
The amount of interest exp...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.