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.
Injury Analysis
Measures the effects of...
Projection
An estimate of future economic or...
Physical Loans
Funds to repair/replace dis...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Phase 1
Process used to determine the...
Certified 8(a) Firm
A firm owned and operated by socially and...
SCORE
Counselors to America's Small Bus...
Phase 2
Process to be used to determine economic injury for...
Prime Contract
A contract awarded directly...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
B/E (Business EIDL) Loan
A business loan that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Mentor
A business, usually large, or...
Partnering
A mutually beneficial business-to-bus...
Break-even Analysis
A calculation of the approximate sales...

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