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.
Projection
An estimate of future economic or...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Fair and Reasonable Price
A price that is fair to both parties...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Credit Score Test
Part of the home loan CET show a...
Current Liabilities
A balance sheet item, which...
Defense Contractor
Any person who enters into...
Phase 1
Process used to determine the...
Companion File
When an applicant has another application filed...
Capital Leases
are for the purchase of fixed assets such as...
Equity
An accounting term used to...
Cash Flow Test
Part of the CET that determines if...
Working Capital (WC)
The amount of current assets that...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...

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