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.
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SBA 504 Loans

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

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

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Small Business
A business smaller than...
Limited Partnership
A business organization with one or...
Defense Contractor
Any person who enters into...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Joint Venture
In the SBA Mentor-Protégé Program...
Cash-basis Accounting
records revenue when cash is...
Partnering
A mutually beneficial business-to-bus...
Applicant Individual
aka who is requesting an SBA loan...
Normal Annual Sales
Those sales that would have...
Assets
The amount of current assets that is left...
Principal
the owner(s) of the Applicant Entity that...
Credit Elsewhere Test (CET)
The test to determine the...
Phase 2
Process to be used to determine economic injury for...

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