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.
Projection
An estimate of future economic or...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Amortization
A non-cash operating expense that...
GPM%
The measure of every sales dollar left...
Physical Loans
Funds to repair/replace dis...
Applicant Individual
aka who is requesting an SBA loan...
Normal Gross Margin
The margin that would have been...
Current Liabilities
A balance sheet item, which...
Partnering
A mutually beneficial business-to-bus...
S-Corporation
A form of corporation, allowed by...
Best and Final Offer
For negotiated procurements...
Cash-basis Accounting
records revenue when cash is...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Injury Analysis
Measures the effects of...
Protégé
A firm in a developmental stage that...

Get the quick rundown on SBA Loans

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