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.
Intermediary Organization
Organizations that play a funda...
Credit Elsewhere Test (CET)
The test to determine the...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Capital Leases
are for the purchase of fixed assets such as...
Cash-basis Accounting
records revenue when cash is...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
B/E (Business EIDL) Loan
A business loan that...
Days Payable
A measure of the average time a...
Injury Analysis
Measures the effects of...
Acquisition
The acquiring of supplies or...
Certificate of Competency
A certificate issued by the Small Bus...
Duplicated Interest
The amount of interest exp...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers

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