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.
Companion File
When an applicant has another application filed...
Applicant Entity
The business entity requesting...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Cash-basis Accounting
records revenue when cash is...
Partnership
A type of unincorporated business org...
Intermediary Organization
Organizations that play a funda...
Operating Leases
are deducted on the company’s...
Amortization
A non-cash operating expense that...
Primary Activity
The major business activity of...
Duplicated Interest
The amount of interest exp...
Partnering
A mutually beneficial business-to-bus...
Contracting
Purchasing, renting, leasing, or...
Current Assets
A balance sheet item which equals...
Depreciation
A non-cash operating expense that...

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