Glossary
SBA Terms

Balance Sheet or Statement of Financial Position

Reports an entity’s Assets, Liabilities and Equity (net worth) at a specific time. Assets = Liabilities + Equity.

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.
Liabilities
A financial obligation...
Normal Annual Sales
Those sales that would have...
Emerging Small Business
A small business concern whose...
Current Liabilities
A balance sheet item, which...
Operating Leases
are deducted on the company’s...
Phase 2
Process to be used to determine economic injury for...
Partnering
A mutually beneficial business-to-bus...
Corporation (C-corp.)
The most common form of business org...
Amortization
A non-cash operating expense that...
Full and Open Competition
With respect to a contract action...
Projection
An estimate of future economic or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
GPM%
The measure of every sales dollar left...
Physical Loans
Funds to repair/replace dis...
Comparative Analysis
Is designed to point out significant trends that...

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