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.
Injury Analysis
Measures the effects of...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Break-even Analysis
A calculation of the approximate sales...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Depreciation
A non-cash operating expense that...
Contract
A mutually binding legal rel..
Lien
A legal claim against an...
Credit Score Test
Part of the home loan CET show a...
Fair and Reasonable Price
A price that is fair to both parties...
Protégé
A firm in a developmental stage that...
Cash Flow Test
Part of the CET that determines if...
NAICS
NAICS codes are common...
Mentor
A business, usually large, or...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Business Activity
The business (or loss) activity of...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.