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...
Current Liabilities
A balance sheet item, which...
Fair and Reasonable Price
A price that is fair to both parties...
Credit Score Test
Part of the home loan CET show a...
Contracting
Purchasing, renting, leasing, or...
Sole Proprietor
an individual who...
Days Receivable
A measure of the average time a...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Assets
The amount of current assets that is left...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
NAICS
NAICS codes are common...
Corporation (C-corp.)
The most common form of business org...
Guarantor
The legal entity and...
Federal Acquisition Regulation (FAR)
The body of regulations which is...

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