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/Co-Applicant
Business entity and person requesting...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Contract
A mutually binding legal rel..
Companion File
When an applicant has another application filed...
Emerging Small Business
A small business concern whose...
Partnering
A mutually beneficial business-to-bus...
B/E (Business EIDL) Loan
A business loan that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Credit Score Test
Part of the home loan CET show a...
Small Disadvantaged Business Concern
A small business concern that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Injury Analysis
Measures the effects of...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Sole Proprietor
an individual who...
Working Capital (WC)
The amount of current assets that...

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