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.
Depreciation
A non-cash operating expense that...
Collateral
Assets pledged by a borrower to secure a loan...
Acquisition
The acquiring of supplies or...
S-Corporation
A form of corporation, allowed by...
Duplicated Interest
The amount of interest exp...
Hardship Waiver
Method used to approve a...
Current Assets
A balance sheet item which equals...
Applicant Individual
aka who is requesting an SBA loan...
Injury Analysis
Measures the effects of...
Certificate of Competency
A certificate issued by the Small Bus...
Affiliate
Business concerns are affiliates if one concern...
Corporation (C-corp.)
The most common form of business org...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Limited Partnership
A business organization with one or...
Amortization
A non-cash operating expense that...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.