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.
B/E (Business EIDL) Loan
A business loan that...
Normal Gross Margin
The margin that would have been...
Affiliated Group
When two or more...
Full and Open Competition
With respect to a contract action...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Adjusted Net Worth
Post disaster fair market value of tangible...
Projection
An estimate of future economic or...
Mentor
A business, usually large, or...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Partnering
A mutually beneficial business-to-bus...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Negotiation
Contracting through the use of...
Current Liabilities
A balance sheet item, which...
Assets
The amount of current assets that is left...
Small Business
A business smaller than...

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