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.
Days Payable
A measure of the average time a...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Business Activity
The business (or loss) activity of...
Contracting Officer
A person with the authority to...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Limited Partnership
A business organization with one or...
Break-even Analysis
A calculation of the approximate sales...
Contract
A mutually binding legal rel..
Certificate of Competency
A certificate issued by the Small Bus...
Adjusted Net Worth
Post disaster fair market value of tangible...
Applicant Individual
aka who is requesting an SBA loan...
Days Receivable
A measure of the average time a...
Amortization
A non-cash operating expense that...
NAICS
NAICS codes are common...
Comparative Analysis
Is designed to point out significant trends that...

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