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.
Comparative Analysis
Is designed to point out significant trends that...
Projection
An estimate of future economic or...
Small Business
A business smaller than...
Guarantor
The legal entity and...
Lien
A legal claim against an...
Contractor Team Arrangement
An arrangement in which...
Protégé
A firm in a developmental stage that...
Certificate of Competency
A certificate issued by the Small Bus...
Joint Venture
In the SBA Mentor-Protégé Program...
Mentor
A business, usually large, or...
Subsidiary
A company for which a majority of the...
Affiliate
Business concerns are affiliates if one concern...
Best and Final Offer
For negotiated procurements...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Companion File
When an applicant has another application filed...

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