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.
Explore 504 loans

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.
Mentor
A business, usually large, or...
Physical Loans
Funds to repair/replace dis...
NAICS
NAICS codes are common...
Income Statement
Shows the entity’s income and...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Full and Open Competition
With respect to a contract action...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Injury Analysis
Measures the effects of...
Hardship Waiver
Method used to approve a...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Limited Partnership
A business organization with one or...
Principal
the owner(s) of the Applicant Entity that...
Trend Analysis
A comparative analysis of...
Collateral
Assets pledged by a borrower to secure a loan...
Available Asset Test
Part of the CET that determines if an applicant(s) has...

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