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.
Sole Proprietor
an individual who...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Contracting
Purchasing, renting, leasing, or...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Request for Proposal (RFP)
A document outlining a...
Affiliated Group
When two or more...
Hardship Waiver
Method used to approve a...
Adjusted Net Worth
Post disaster fair market value of tangible...
NAICS
NAICS codes are common...
Affiliate
Business concerns are affiliates if one concern...
Operating Leases
are deducted on the company’s...
Prime Contract
A contract awarded directly...
Current Liabilities
A balance sheet item, which...

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