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 Period
The time period during...
Hardship Waiver
Method used to approve a...
Business Activity
The business (or loss) activity of...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Partnership
A type of unincorporated business org...
Credit Score Test
Part of the home loan CET show a...
Companion File
When an applicant has another application filed...
Equity
An accounting term used to...
Small Business
A business smaller than...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Extraordinary Items
Additional expenses that are...
Capital Leases
are for the purchase of fixed assets such as...
Lien
A legal claim against an...
Working Capital (WC)
The amount of current assets that...
Limited Partnership
A business organization with one or...

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