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.
Assets
The amount of current assets that is left...
Defense Contractor
Any person who enters into...
B/E (Business EIDL) Loan
A business loan that...
Emerging Small Business
A small business concern whose...
Days Payable
A measure of the average time a...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
NAICS
NAICS codes are common...
SCORE
Counselors to America's Small Bus...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Current Assets
A balance sheet item which equals...
Companion File
When an applicant has another application filed...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Income Statement
Shows the entity’s income and...
Depreciation
A non-cash operating expense that...
Break-even Analysis
A calculation of the approximate sales...

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