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.
Physical Loans
Funds to repair/replace dis...
Break-even Analysis
A calculation of the approximate sales...
Electronic Data Interchange
Transmission of information bet...
Contracting
Purchasing, renting, leasing, or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Applicant Entity
The business entity requesting...
Equity
An accounting term used to...
Full and Open Competition
With respect to a contract action...
Normal Gross Margin
The margin that would have been...
Request for Proposal (RFP)
A document outlining a...
Small Business
A business smaller than...
Subcontract
A contract between a prime cont...
Certificate of Competency
A certificate issued by the Small Bus...
Subsidiary
A company for which a majority of the...
Liabilities
A financial obligation...

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