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.
Explore microloans
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Companion File
When an applicant has another application filed...
Affiliates
Business concerns, organizations, or...
Cash Flow Test
Part of the CET that determines if...
Prime Contract
A contract awarded directly...
Physical Loans
Funds to repair/replace dis...
Days Payable
A measure of the average time a...
Projection
An estimate of future economic or...
Applicant/Co-Applicant
Business entity and person requesting...
Limited Partnership
A business organization with one or...
Current Liabilities
A balance sheet item, which...
Liabilities
A financial obligation...
Normal Gross Margin
The margin that would have been...
Certificate of Competency
A certificate issued by the Small Bus...
Injury Analysis
Measures the effects of...
Injury Period
The time period during...

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