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.
Comparative Analysis
Is designed to point out significant trends that...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Partnering
A mutually beneficial business-to-bus...
Joint Venture
In the SBA Mentor-Protégé Program...
Emerging Small Business
A small business concern whose...
Best and Final Offer
For negotiated procurements...
Phase 1
Process used to determine the...
Physical Loans
Funds to repair/replace dis...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Small Disadvantaged Business Concern
A small business concern that...
Request for Proposal (RFP)
A document outlining a...
Full and Open Competition
With respect to a contract action...
Certified 8(a) Firm
A firm owned and operated by socially and...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...

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