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.
Contractor Team Arrangement
An arrangement in which...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Projection
An estimate of future economic or...
Full and Open Competition
With respect to a contract action...
Applicant Individual
aka who is requesting an SBA loan...
Trend Analysis
A comparative analysis of...
Physical Loans
Funds to repair/replace dis...
Primary Activity
The major business activity of...
Negotiation
Contracting through the use of...
Hardship Waiver
Method used to approve a...
NAICS
NAICS codes are common...
Contracting
Purchasing, renting, leasing, or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Affiliate
Business concerns are affiliates if one concern...
Lien
A legal claim against an...

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