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.
Certified 8(a) Firm
A firm owned and operated by socially and...
NAICS
NAICS codes are common...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Contracting
Purchasing, renting, leasing, or...
Adjusted Net Worth
Post disaster fair market value of tangible...
Prime Contract
A contract awarded directly...
Contracting Officer
A person with the authority to...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Liabilities
A financial obligation...
Trend Analysis
A comparative analysis of...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Capital Leases
are for the purchase of fixed assets such as...
Applicant Entity
The business entity requesting...
Partnership
A type of unincorporated business org...
Contractor Team Arrangement
An arrangement in which...

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