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.
Amortization
A non-cash operating expense that...
Duplicated Interest
The amount of interest exp...
Applicant Entity
The business entity requesting...
Cash-basis Accounting
records revenue when cash is...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
S-Corporation
A form of corporation, allowed by...
Depreciation
A non-cash operating expense that...
Credit Elsewhere Test (CET)
The test to determine the...
Comparative Analysis
Is designed to point out significant trends that...
Projection
An estimate of future economic or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Affiliated Group
When two or more...
Physical Loans
Funds to repair/replace dis...
Lien
A legal claim against an...
Hardship Waiver
Method used to approve a...

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