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.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Prime Contract
A contract awarded directly...
Amortization
A non-cash operating expense that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Small Business
A business smaller than...
Applicant Entity
The business entity requesting...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Lien
A legal claim against an...
Affiliated Group
When two or more...
B/E (Business EIDL) Loan
A business loan that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Joint Venture
In the SBA Mentor-Protégé Program...
Equity
An accounting term used to...
Liabilities
A financial obligation...
Cash Flow Test
Part of the CET that determines if...

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