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.
Collateral
Assets pledged by a borrower to secure a loan...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
B/E (Business EIDL) Loan
A business loan that...
Principal
the owner(s) of the Applicant Entity that...
Sole Proprietor
an individual who...
Limited Partnership
A business organization with one or...
NAICS
NAICS codes are common...
S-Corporation
A form of corporation, allowed by...
GPM%
The measure of every sales dollar left...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Liabilities
A financial obligation...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Small Business
A business smaller than...
Corporation (C-corp.)
The most common form of business org...
Partnership
A type of unincorporated business org...

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