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.
Negotiation
Contracting through the use of...
Principal
the owner(s) of the Applicant Entity that...
Days Receivable
A measure of the average time a...
Affiliates
Business concerns, organizations, or...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Trend Analysis
A comparative analysis of...
Days Payable
A measure of the average time a...
NAICS
NAICS codes are common...
Full and Open Competition
With respect to a contract action...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Guarantor
The legal entity and...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Projection
An estimate of future economic or...
Affiliated Group
When two or more...
Break-even Analysis
A calculation of the approximate sales...

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