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.
Principal
the owner(s) of the Applicant Entity that...
S-Corporation
A form of corporation, allowed by...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Normal Gross Margin
The margin that would have been...
Mentor
A business, usually large, or...
Trend Analysis
A comparative analysis of...
Protégé
A firm in a developmental stage that...
Assets
The amount of current assets that is left...
Full and Open Competition
With respect to a contract action...
Affiliated Group
When two or more...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Current Assets
A balance sheet item which equals...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Cash-basis Accounting
records revenue when cash is...
Extraordinary Items
Additional expenses that are...

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