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.
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Electronic Data Interchange
Transmission of information bet...
Cash-basis Accounting
records revenue when cash is...
Comparative Analysis
Is designed to point out significant trends that...
Projection
An estimate of future economic or...
Duplicated Interest
The amount of interest exp...
Current Liabilities
A balance sheet item, which...
Certified 8(a) Firm
A firm owned and operated by socially and...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Credit Score Test
Part of the home loan CET show a...
Extraordinary Items
Additional expenses that are...
Hardship Waiver
Method used to approve a...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Protégé
A firm in a developmental stage that...
Partnership
A type of unincorporated business org...

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