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.
SCORE
Counselors to America's Small Bus...
Days Receivable
A measure of the average time a...
Trend Analysis
A comparative analysis of...
Comparative Analysis
Is designed to point out significant trends that...
Phase 1
Process used to determine the...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Affiliates
Business concerns, organizations, or...
Acquisition
The acquiring of supplies or...
Best and Final Offer
For negotiated procurements...
Contracting
Purchasing, renting, leasing, or...
Applicant Individual
aka who is requesting an SBA loan...
Current Liabilities
A balance sheet item, which...
Negotiation
Contracting through the use of...
Companion File
When an applicant has another application filed...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...

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