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.
Affiliates
Business concerns, organizations, or...
Physical Loans
Funds to repair/replace dis...
Lien
A legal claim against an...
Companion File
When an applicant has another application filed...
Limited Partnership
A business organization with one or...
Certificate of Competency
A certificate issued by the Small Bus...
Mentor
A business, usually large, or...
Request for Proposal (RFP)
A document outlining a...
Current Liabilities
A balance sheet item, which...
Fair and Reasonable Price
A price that is fair to both parties...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Capital Leases
are for the purchase of fixed assets such as...
Applicant/Co-Applicant
Business entity and person requesting...
Equity
An accounting term used to...
Intermediary Organization
Organizations that play a funda...

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