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.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Credit Score Test
Part of the home loan CET show a...
Applicant Entity
The business entity requesting...
Affiliates
Business concerns, organizations, or...
Phase 1
Process used to determine the...
Fair and Reasonable Price
A price that is fair to both parties...
Contracting Officer
A person with the authority to...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Partnership
A type of unincorporated business org...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Assets
The amount of current assets that is left...

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