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.
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Primary Activity
The major business activity of...
Collateral
Assets pledged by a borrower to secure a loan...
Adjusted Net Worth
Post disaster fair market value of tangible...
Intermediary Organization
Organizations that play a funda...
Applicant Individual
aka who is requesting an SBA loan...
Depreciation
A non-cash operating expense that...
Sole Proprietor
an individual who...
Operating Leases
are deducted on the company’s...
SCORE
Counselors to America's Small Bus...
Subsidiary
A company for which a majority of the...
Certificate of Competency
A certificate issued by the Small Bus...
Cash-basis Accounting
records revenue when cash is...
Protégé
A firm in a developmental stage that...
Partnering
A mutually beneficial business-to-bus...

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