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.
Days Receivable
A measure of the average time a...
Corporation (C-corp.)
The most common form of business org...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Injury Analysis
Measures the effects of...
Negotiation
Contracting through the use of...
Normal Gross Margin
The margin that would have been...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Break-even Analysis
A calculation of the approximate sales...
Contracting Officer
A person with the authority to...
Companion File
When an applicant has another application filed...
Partnering
A mutually beneficial business-to-bus...
Small Business
A business smaller than...
Applicant Individual
aka who is requesting an SBA loan...
Intermediary Organization
Organizations that play a funda...
Federal Acquisition Regulation (FAR)
The body of regulations which is...

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