Glossary
SBA Terms

Affiliates

Business concerns, organizations, or individuals that control each other or that are controlled by a third party. Control may include shared management or ownership; common use of facilities, equipment, and employees; or family interest.

Updated on
September 9, 2022
Published on
June 20, 2018
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SBA 7a Loans

The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
Explore 7a loans

SBA 504 Loans

SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
Explore 504 loans

SBA Microloans

The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Small Business
A business smaller than...
Electronic Data Interchange
Transmission of information bet...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Certificate of Competency
A certificate issued by the Small Bus...
GPM%
The measure of every sales dollar left...
Request for Proposal (RFP)
A document outlining a...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Sole Proprietor
an individual who...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
S-Corporation
A form of corporation, allowed by...
Applicant/Co-Applicant
Business entity and person requesting...
Credit Elsewhere Test (CET)
The test to determine the...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Hardship Waiver
Method used to approve a...

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