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.
Cash-basis Accounting
records revenue when cash is...
Capital Leases
are for the purchase of fixed assets such as...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Working Capital (WC)
The amount of current assets that...
B/E (Business EIDL) Loan
A business loan that...
Lien
A legal claim against an...
Certified 8(a) Firm
A firm owned and operated by socially and...
Adjusted Net Worth
Post disaster fair market value of tangible...
Applicant Individual
aka who is requesting an SBA loan...
Companion File
When an applicant has another application filed...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Contracting
Purchasing, renting, leasing, or...
Collateral
Assets pledged by a borrower to secure a loan...
Injury Analysis
Measures the effects of...
Amortization
A non-cash operating expense that...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.