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.
Liabilities
A financial obligation...
Break-even Analysis
A calculation of the approximate sales...
Projection
An estimate of future economic or...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Injury Analysis
Measures the effects of...
Applicant/Co-Applicant
Business entity and person requesting...
Acquisition
The acquiring of supplies or...
Equity
An accounting term used to...
Limited Partnership
A business organization with one or...
Injury Period
The time period during...
Small Disadvantaged Business Concern
A small business concern that...
NAICS
NAICS codes are common...
Days Payable
A measure of the average time a...
Amortization
A non-cash operating expense that...
Principal
the owner(s) of the Applicant Entity that...

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