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.
Amortization
A non-cash operating expense that...
Small Disadvantaged Business Concern
A small business concern that...
Limited Partnership
A business organization with one or...
Cash-basis Accounting
records revenue when cash is...
Defense Contractor
Any person who enters into...
Equity
An accounting term used to...
Days Payable
A measure of the average time a...
Injury Period
The time period during...
Lien
A legal claim against an...
Income Statement
Shows the entity’s income and...
Acquisition
The acquiring of supplies or...
Intermediary Organization
Organizations that play a funda...
Electronic Data Interchange
Transmission of information bet...
S-Corporation
A form of corporation, allowed by...
Small Business
A business smaller than...

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