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.
Small Disadvantaged Business Concern
A small business concern that...
Phase 1
Process used to determine the...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Partnering
A mutually beneficial business-to-bus...
GPM%
The measure of every sales dollar left...
Assets
The amount of current assets that is left...
Amortization
A non-cash operating expense that...
Fair and Reasonable Price
A price that is fair to both parties...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Certificate of Competency
A certificate issued by the Small Bus...
Capital Leases
are for the purchase of fixed assets such as...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Duplicated Interest
The amount of interest exp...
Hardship Waiver
Method used to approve a...
Contracting Officer
A person with the authority to...

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