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.
Projection
An estimate of future economic or...
Partnering
A mutually beneficial business-to-bus...
Injury Analysis
Measures the effects of...
Corporation (C-corp.)
The most common form of business org...
Affiliate
Business concerns are affiliates if one concern...
GPM%
The measure of every sales dollar left...
Applicant Entity
The business entity requesting...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Defense Contractor
Any person who enters into...
Liabilities
A financial obligation...
Credit Score Test
Part of the home loan CET show a...
Cash-basis Accounting
records revenue when cash is...
Hardship Waiver
Method used to approve a...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Mentor
A business, usually large, or...

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