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.
Certified 8(a) Firm
A firm owned and operated by socially and...
Acquisition
The acquiring of supplies or...
Best and Final Offer
For negotiated procurements...
B/E (Business EIDL) Loan
A business loan that...
Injury Period
The time period during...
Duplicated Interest
The amount of interest exp...
Current Assets
A balance sheet item which equals...
Defense Contractor
Any person who enters into...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Prime Contract
A contract awarded directly...
Adjusted Net Worth
Post disaster fair market value of tangible...
Electronic Data Interchange
Transmission of information bet...
Principal
the owner(s) of the Applicant Entity that...
Contracting Officer
A person with the authority to...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...

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