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.
Mentor
A business, usually large, or...
Joint Venture
In the SBA Mentor-Protégé Program...
Working Capital (WC)
The amount of current assets that...
Defense Contractor
Any person who enters into...
Protégé
A firm in a developmental stage that...
Cash-basis Accounting
records revenue when cash is...
S-Corporation
A form of corporation, allowed by...
Applicant Entity
The business entity requesting...
Primary Activity
The major business activity of...
Full and Open Competition
With respect to a contract action...
Principal
the owner(s) of the Applicant Entity that...
Projection
An estimate of future economic or...
Depreciation
A non-cash operating expense that...
Affiliate
Business concerns are affiliates if one concern...
Partnership
A type of unincorporated business org...

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