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.
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Corporation (C-corp.)
The most common form of business org...
Normal Annual Sales
Those sales that would have...
Liabilities
A financial obligation...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Protégé
A firm in a developmental stage that...
Extraordinary Items
Additional expenses that are...
Duplicated Interest
The amount of interest exp...
Best and Final Offer
For negotiated procurements...
Contractor Team Arrangement
An arrangement in which...
Affiliate
Business concerns are affiliates if one concern...
Affiliates
Business concerns, organizations, or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Subsidiary
A company for which a majority of the...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...

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