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.
Contractor Team Arrangement
An arrangement in which...
Days Receivable
A measure of the average time a...
Prime Contract
A contract awarded directly...
Small Disadvantaged Business Concern
A small business concern that...
Companion File
When an applicant has another application filed...
Electronic Data Interchange
Transmission of information bet...
Cash-basis Accounting
records revenue when cash is...
Applicant Individual
aka who is requesting an SBA loan...
SCORE
Counselors to America's Small Bus...
Guarantor
The legal entity and...
Primary Activity
The major business activity of...
GPM%
The measure of every sales dollar left...
Affiliates
Business concerns, organizations, or...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Trend Analysis
A comparative analysis of...

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