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.
Phase 2
Process to be used to determine economic injury for...
Negotiation
Contracting through the use of...
S-Corporation
A form of corporation, allowed by...
Subsidiary
A company for which a majority of the...
Capital Leases
are for the purchase of fixed assets such as...
Days Payable
A measure of the average time a...
Affiliate
Business concerns are affiliates if one concern...
Partnering
A mutually beneficial business-to-bus...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Applicant/Co-Applicant
Business entity and person requesting...
Limited Partnership
A business organization with one or...
GPM%
The measure of every sales dollar left...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Corporation (C-corp.)
The most common form of business org...
Applicant Entity
The business entity requesting...

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