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.
Hardship Waiver
Method used to approve a...
NAICS
NAICS codes are common...
Business Activity
The business (or loss) activity of...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Duplicated Interest
The amount of interest exp...
Guarantor
The legal entity and...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Small Disadvantaged Business Concern
A small business concern that...
Normal Annual Sales
Those sales that would have...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Corporation (C-corp.)
The most common form of business org...
Capital Leases
are for the purchase of fixed assets such as...
Break-even Analysis
A calculation of the approximate sales...
Days Payable
A measure of the average time a...
Applicant Individual
aka who is requesting an SBA loan...

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