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.
Break-even Analysis
A calculation of the approximate sales...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Guarantor
The legal entity and...
Request for Proposal (RFP)
A document outlining a...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Adjusted Net Worth
Post disaster fair market value of tangible...
Normal Gross Margin
The margin that would have been...
Affiliate
Business concerns are affiliates if one concern...
Contracting Officer
A person with the authority to...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Trend Analysis
A comparative analysis of...
Credit Elsewhere Test (CET)
The test to determine the...
Companion File
When an applicant has another application filed...
Intermediary Organization
Organizations that play a funda...

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