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.
Guarantor
The legal entity and...
Injury Period
The time period during...
Amortization
A non-cash operating expense that...
Electronic Data Interchange
Transmission of information bet...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Phase 2
Process to be used to determine economic injury for...
Contract
A mutually binding legal rel..
Lien
A legal claim against an...
Fair and Reasonable Price
A price that is fair to both parties...
Credit Elsewhere Test (CET)
The test to determine the...
Physical Loans
Funds to repair/replace dis...
Days Receivable
A measure of the average time a...
Credit Score Test
Part of the home loan CET show a...
Applicant Entity
The business entity requesting...
Protégé
A firm in a developmental stage that...

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