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.
Certified 8(a) Firm
A firm owned and operated by socially and...
Corporation (C-corp.)
The most common form of business org...
Liabilities
A financial obligation...
B/E (Business EIDL) Loan
A business loan that...
Request for Proposal (RFP)
A document outlining a...
Phase 2
Process to be used to determine economic injury for...
Joint Venture
In the SBA Mentor-Protégé Program...
Applicant Individual
aka who is requesting an SBA loan...
Equity
An accounting term used to...
Defense Contractor
Any person who enters into...
Injury Period
The time period during...
Sole Proprietor
an individual who...
Principal
the owner(s) of the Applicant Entity that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...

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