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.
Subcontract
A contract between a prime cont...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Lien
A legal claim against an...
Small Disadvantaged Business Concern
A small business concern that...
Electronic Data Interchange
Transmission of information bet...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Contractor Team Arrangement
An arrangement in which...
Comparative Analysis
Is designed to point out significant trends that...
Prime Contract
A contract awarded directly...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Credit Score Test
Part of the home loan CET show a...
Equity
An accounting term used to...
Applicant/Co-Applicant
Business entity and person requesting...
Affiliate
Business concerns are affiliates if one concern...
Days Payable
A measure of the average time a...

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