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.
Equity
An accounting term used to...
Days Payable
A measure of the average time a...
Assets
The amount of current assets that is left...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Partnership
A type of unincorporated business org...
Acquisition
The acquiring of supplies or...
Working Capital (WC)
The amount of current assets that...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Negotiation
Contracting through the use of...
Comparative Analysis
Is designed to point out significant trends that...
Subcontract
A contract between a prime cont...
Normal Annual Sales
Those sales that would have...

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