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.
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Lien
A legal claim against an...
Full and Open Competition
With respect to a contract action...
Subcontract
A contract between a prime cont...
Normal Gross Margin
The margin that would have been...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Protégé
A firm in a developmental stage that...
Electronic Data Interchange
Transmission of information bet...
Substantial Damage
This means uninsured or otherwise uncompensated...
Days Receivable
A measure of the average time a...
Contracting
Purchasing, renting, leasing, or...
Limited Partnership
A business organization with one or...
Applicant/Co-Applicant
Business entity and person requesting...
Liabilities
A financial obligation...

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