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.
Joint Venture
In the SBA Mentor-Protégé Program...
Income Statement
Shows the entity’s income and...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Cash-basis Accounting
records revenue when cash is...
Guarantor
The legal entity and...
Primary Activity
The major business activity of...
Lien
A legal claim against an...
SCORE
Counselors to America's Small Bus...
Best and Final Offer
For negotiated procurements...
Limited Partnership
A business organization with one or...
GPM%
The measure of every sales dollar left...
Affiliated Group
When two or more...
Liabilities
A financial obligation...
Extraordinary Items
Additional expenses that are...
Hardship Waiver
Method used to approve a...

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