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.
Explore 7a loans

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.
Normal Annual Sales
Those sales that would have...
Certified 8(a) Firm
A firm owned and operated by socially and...
Applicant/Co-Applicant
Business entity and person requesting...
Contractor Team Arrangement
An arrangement in which...
Collateral
Assets pledged by a borrower to secure a loan...
Limited Partnership
A business organization with one or...
Prime Contract
A contract awarded directly...
Applicant Individual
aka who is requesting an SBA loan...
Corporation (C-corp.)
The most common form of business org...
Full and Open Competition
With respect to a contract action...
Injury Period
The time period during...
Operating Leases
are deducted on the company’s...
Companion File
When an applicant has another application filed...
Injury Analysis
Measures the effects of...
Equity
An accounting term used to...

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