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.
Trend Analysis
A comparative analysis of...
Collateral
Assets pledged by a borrower to secure a loan...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Phase 1
Process used to determine the...
Lien
A legal claim against an...
Adjusted Net Worth
Post disaster fair market value of tangible...
Physical Loans
Funds to repair/replace dis...
Certificate of Competency
A certificate issued by the Small Bus...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Injury Period
The time period during...
Corporation (C-corp.)
The most common form of business org...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Normal Gross Margin
The margin that would have been...
Normal Annual Sales
Those sales that would have...

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