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.
Companion File
When an applicant has another application filed...
Credit Score Test
Part of the home loan CET show a...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Full and Open Competition
With respect to a contract action...
Certificate of Competency
A certificate issued by the Small Bus...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Corporation (C-corp.)
The most common form of business org...
Break-even Analysis
A calculation of the approximate sales...
Lien
A legal claim against an...
Emerging Small Business
A small business concern whose...
Sole Proprietor
an individual who...
Substantial Damage
This means uninsured or otherwise uncompensated...
Acquisition
The acquiring of supplies or...
NAICS
NAICS codes are common...

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