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 Disadvantaged Business Concern
A small business concern that...
Operating Leases
are deducted on the company’s...
Contracting Officer
A person with the authority to...
Substantial Damage
This means uninsured or otherwise uncompensated...
Negotiation
Contracting through the use of...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Acquisition
The acquiring of supplies or...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Contract
A mutually binding legal rel..
Certified 8(a) Firm
A firm owned and operated by socially and...
Phase 2
Process to be used to determine economic injury for...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Projection
An estimate of future economic or...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Credit Elsewhere Test (CET)
The test to determine the...

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