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.
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Affiliated Group
When two or more...
Intermediary Organization
Organizations that play a funda...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Negotiation
Contracting through the use of...
Acquisition
The acquiring of supplies or...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
NAICS
NAICS codes are common...
Collateral
Assets pledged by a borrower to secure a loan...
Affiliate
Business concerns are affiliates if one concern...
Equity
An accounting term used to...
Contracting Officer
A person with the authority to...
Applicant Individual
aka who is requesting an SBA loan...
Request for Proposal (RFP)
A document outlining a...

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