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.
Sole Proprietor
an individual who...
Applicant Entity
The business entity requesting...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Subcontract
A contract between a prime cont...
Subsidiary
A company for which a majority of the...
Normal Gross Margin
The margin that would have been...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Guarantor
The legal entity and...
Adjusted Net Worth
Post disaster fair market value of tangible...
Acquisition
The acquiring of supplies or...
Applicant/Co-Applicant
Business entity and person requesting...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Best and Final Offer
For negotiated procurements...
Hardship Waiver
Method used to approve a...
Small Disadvantaged Business Concern
A small business concern that...

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