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.
Applicant Individual
aka who is requesting an SBA loan...
Depreciation
A non-cash operating expense that...
Break-even Analysis
A calculation of the approximate sales...
Protégé
A firm in a developmental stage that...
Equity
An accounting term used to...
Contracting
Purchasing, renting, leasing, or...
Lien
A legal claim against an...
Trend Analysis
A comparative analysis of...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Duplicated Interest
The amount of interest exp...
Intermediary Organization
Organizations that play a funda...
Physical Loans
Funds to repair/replace dis...
Income Statement
Shows the entity’s income and...
Operating Leases
are deducted on the company’s...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...

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