Glossary
SBA Terms

Available Asset Test

Part of the CET that determines if an applicant(s) has sufficient assets to borrow private sector funds to repair/replace uncompensated disaster damages without incurring undue hardship. (Certain exclusions apply.)

Updated on
September 8, 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.
Current Liabilities
A balance sheet item, which...
Comparative Analysis
Is designed to point out significant trends that...
Partnership
A type of unincorporated business org...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
GPM%
The measure of every sales dollar left...
Contractor Team Arrangement
An arrangement in which...
Cash-basis Accounting
records revenue when cash is...
Intermediary Organization
Organizations that play a funda...
Applicant Entity
The business entity requesting...
NAICS
NAICS codes are common...
Business Activity
The business (or loss) activity of...
Phase 2
Process to be used to determine economic injury for...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Normal Annual Sales
Those sales that would have...
Days Payable
A measure of the average time a...

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